As of February 3, 2025, Chainlink (LINK) is trading at approximately $18.05, experiencing a 0.21% decrease from the previous close.

Over the past week, LINK has declined by about 24.30%, underperforming the broader cryptocurrency market, which is down by approximately 13% in the same period.

Looking ahead, some forecasts predict that LINK could trade between $13.04 and $22.78 in the coming months, with an average price around $17.41.

Given the current price of $18.05,

My proposed entry points at $13.50, $10.00, and $8.00 are below the current market value.

If the price declines to these levels, your strategy of dollar-cost averaging could position you for potential gains if the market rebounds.

Setting take-profit targets at $22.00 and $30.00 aligns with historical resistance levels, but it's essential to monitor market conditions and adjust your strategy accordingly.

Please note that cryptocurrency markets are highly volatile. It's crucial to conduct thorough research, stay updated with market news, and consider consulting with financial advisors before making investment decisions.