buy on weakness

Chainlink: Consolidation Toward $24–$26 Target

I see Chainlink (LINK) breaking above key resistance and targeting $24–$26 within the next 30 days. This outlook assumes the breakout holds and momentum resumes after a short pause.

Near term I expect consolidation around $21–$22 as traders digest gains; volatility may persist during this phase. I would watch for volume confirmation on any renewed upside.

I’m inclined to buy on weakness into the $21–$22 range and scale in if the market confirms the breakout; if price falls decisively below that zone, I’d reassess risk exposure.

Source available for registered users Sign Up Free

Analysis

Technical setup shows a breakout above resistance but with limited immediate follow-through, implying short-term consolidation. If support holds around $21–$22 and volume picks up, the path to $24–$26...

Recommendation

Buy on weakness into the $21–$22 consolidation zone, scale position with confirmation of renewed volume and momentum, and monitor support; cut or reassess if price drops decisively below the consolida...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

You might also be interested in: