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Prediction and outlook
Short term (1-2 weeks): If the price manages to surpass $16.00, it could continue with an upward trend towards $18.00-$20.00. However, it needs greater volume and market backing to break key resistances.
Medium term (1-3 months): If the upward momentum is maintained, the next key target would be the resistance near $36.22, which coincides with a previous high. However, the global cryptocurrency market will also significantly influence this outlook.
Risks: If the price fails to stay above $13.50, it could retest recent lows around $10-$12.
Recommendations
If you are thinking of buying, wait for clear confirmations that the price surpasses important resistances like $16.00 with an increase in volume.
If you already have positions, consider monitoring key levels like $13.50 to adjust exit strategies if the price drops.
Watch the overall market conditions and news related to Chainlink, as the cryptocurrency is very sensitive to announcements related to its ecosystem and partnerships.
#BecomeCreator #MarketDownturn
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