Given the current price of Chainlink ($LINK ) is $14.46 with a -9.03% change in the last 24 hours and -14% change mentioned in the question seems not to match exactly with current data, here's a comprehensive analysis:
LINKUSDT
Perp
14.27
+0.38%
Optimal Entry Point: Consider entering at $13.50, given the recent downward trend.
Stop-Loss: Set a stop-loss at $12.80 to limit potential losses.
Target Points:
- Short-term: $15.78, based on recent resistance levels
- Long-term: $30.69, considering potential growth and positive market sentiment
Key Technical Indicators:
- RSI: Currently around 30, indicating a potential buying opportunity
- Moving Averages: 50-day MA at $14.20, 200-day MA at $16.50
Relevant News: Chainlink's recent price drop is part of a broader market correction, but its integration with institutional partners and growing adoption could signal a potential breakout .
XRPUSDT
Perp
2.3137
+0.23%
BTC
95,808.79
-2.61%
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