LINK Price Prediction: Dead at the SMA 50 — $8.12 Break or Bust Back to $7.65?
Chainlink (LINK) is currently coiling at the $7.99 level, facing a decisive battle at the SMA 50 resistance ceiling. With momentum showing signs of exhaustion, the asset is positioned at a critical technical juncture that will dictate its next major move.
To trigger a bullish rally toward $8.50, LINK must secure a confirmed close above the $8.12 threshold. Failure to do so, compounded by declining open interest and rising sell-side taker dominance, could see the price retreat to the $7.65 support level.
LINK is coiling at $7.99 with momentum exhausted directly beneath the SMA 50 ceiling. Technical indicators suggest a high-stakes scenario: a confirmed close above $8.12 opens the path to $8.50. However, declining open interest and increasing sell-side taker dominance pose a significant risk, potentially driving the price back down to the $7.65 mark if the resistance holds.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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