Chainlink Price Hangs in Balance as Bulls Eye $9.24 Resistance

Chainlink is trading at $8.42, and its price action has been steadily increasing in recent sessions. According to Tony Kim, nearly 70% of smart money exposure is net long, indicating a strong bullish sentiment among top-tier traders.

The MACD histogram has flatlined to zero, signaling an inflection point that demands resolution within the next one to three sessions. The RSI is sitting mid-range with plenty of headroom before overbought territory, suggesting that buyers are present but not yet committed.

The 200-day moving average at $9.24 serves as a significant resistance level for Chainlink, and its price needs to break through the $8.60 barrier to unlock further gains. If it fails to do so, the next support level is at $8.18.