Chainlink Dips but Momentum Intact — Eyes $24.74
I see Chainlink has pulled back 6.86% to $22.27, but the technical picture still points to bullish momentum with RSI around 63.51.
There is clear support near $15.43 and a nearby resistance target at $24.74; the current dip looks like a corrective move rather than a trend reversal.
I’d prefer to accumulate on weakness or wait for a decisive break above $24.74 before adding full exposure.
Analysis
Despite the daily decline, momentum indicators (RSI ~63.5) and strong structural support suggest the drop is corrective; upside toward $24.74 remains plausible if support holds.
Recommendation
Buy on weakness: consider adding on pullbacks toward the $16–$18 zone or after confirmation above $24.74, keeping position sizing cautious given recent volatility.
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.