$LINK To determine a suitable stop-loss level for Chainlink (LINK), let's examine current predictions and market trends.
*Current Price Range:* Chainlink's current price is around $24.57, with key support and resistance levels at $22.50 and $24.50-$26.00, respectively.
*Stop-Loss Strategies:*
- *Percentage-Based Stop-Loss:* Set a stop-loss at 5-10% below the current price, around $23.30-$22.10.
- *Technical Indicator-Based Stop-Loss:* Use indicators like the 50-day moving average or Relative Strength Index (RSI) to determine support levels. The 50-day moving average is currently below the price, potentially acting as support.
- *Support Levels:* Key support levels to watch are $20, $18, and $13.
*Predicted Price Range for August 2025:*
- *Minimum Price:* $12.72-$24.90
- *Average Price:* $15-$25.45
- *Maximum Price:* $19.08-$26
Considering these factors, a potential stop-loss level for LINK could be set around $22.50-$23.30, slightly below the current support level and average predicted price range.