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buy on weakness
LINK

Chainlink Dip Looks Like a Buying Opportunity; $24.74 Nearby Resistance

I see Chainlink trading at $22.27 after a 6.86% pullback, but I believe the bullish technical setup is still intact.

The RSI around 63.5 and a firm support level near $15.43 suggest momentum remains favorable, while $24.74 stands out as the next meaningful resistance.

I would treat this dip as a potential buying opportunity on weakness, but I would manage risk carefully in case support is tested further.

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Analysis

Despite the recent 6.86% decline, momentum indicators (RSI 63.5) and a solid support band near $15.43 point to continued bullish bias; the next clear upside hurdle is $24.74, so short-term rallies or ...

Recommendation

Buy on weakness: consider adding into pullbacks toward established support while targeting moves toward $24.74, and use disciplined risk management in case support breaks.

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.

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