Chainlink Price Eyes $10 Barrier as Bulls Face Crucial Resistance

Chainlink's price has recovered from its $7 double-bottom, and it's now trading inside a rising channel. The token is holding above the midline of the channel with an RSI around 60 and MACD turning higher. A decisive break above the $9 resistance could put the $9.97-$10 zone in focus.

Exchange inflows have fallen to about 1.9K from 5K-6K, easing sell pressure and supporting token performance. However, rejection at $9 could pull the price back to the channel's average band.

The setup remains constructive as long as the price holds above the average band of the rising channel. A breakout above $9 would strengthen the bullish structure and potentially open the path toward $11.