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$LINK is currently showing a clear consolidation phase on the daily chart after a strong downtrend from the $15 zone. Price is hovering around the $8.7–$9.2 range, which aligns with broader market data showing LINK trading near ~$9 with mixed momentum and seller pressure in the short term
📊 Candlestick Insight:
The chart shows a sharp drop followed by sideways movement → classic accumulation structure. Buyers are defending the $8.4–$8.7 support, while resistance remains near $9.5–$10. A breakout above this zone could trigger a move toward $10.5+, as analysts suggest recovery targets in that range if resistance breaks
🧠 Key Levels to Watch:
• Support: $8.40 – $8.70
• Resistance: $9.50 – $10.00
• Breakdown risk: Below $8.30
• Bullish breakout: Above $9.60
