Chainlink (LINK) is predicted to dip to approximately $12.90, potentially falling below $13, before finding its next support level around $12. This downward movement is considered necessary before a price bounce can occur.
"A lot of these traders are going to need to lose their shirt. They're going to need to lose this trade before chain link can bounce. And this is right around $12.90. And $12.90 is going to be right below the recent area of support. So might end up uh dipping below 13. Then you know I would look right around $12 for the next level of support for chain link."
