Chainlink Dip Looks Like Buy-on-Weakness Toward $24.74
I see Chainlink pulling back 6.86% to $22.27, but I view this as a technical reset rather than a trend change. The RSI remains bullish around 63.5 and the $15.43 area provides clear structural support.
Given the setup, I expect LINK to attempt a move toward the near-term resistance at $24.74 if momentum resumes. The current dip offers a lower-risk entry window for disciplined traders who respect the support zone and use stops.
Analysis
Recommendation
Buy on weakness: consider entering on pullbacks toward support while sizing positions and placing stops below $15.43; target the $24.74 resistance and reassess if price action breaks decisively lower.
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.