Chainlink Holds Bullish Setup After 6.9% Drop — Eyes $24.74 Resistance
I see LINK trading at $22.27 after a 6.86% drop, but I view this move as a corrective pullback rather than the start of a reversal. RSI sits around 63.51, which still signals bullish momentum.
I note clear technical support near $15.43 and immediate resistance at $24.74, so the path higher remains plausible if momentum holds. A controlled dip looks like a better entry than chasing short-term strength.
I would size positions with a plan for a stop if price breaks decisively below $15.43 and look to take profits or reassess near the $24.74 resistance level.
Analysis
Recommendation
Buy on weakness: consider accumulating on dips toward the $18–$15 zone, target $24.74 for near-term gains, and protect capital with a stop under $15.43 or appropriate position sizing.
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.