Chainlink Price Holds Steady Near Key Resistance Zone

Chainlink's price has been holding steady near a key resistance zone, and analysts are taking notice. According to CoinGlass data, LINK is currently trading at $8.761, with a 0.79% increase in the last 24 hours.

The ascending trendline on the daily chart remains intact, providing support beneath the current price. A close above $8.920 would be a key breakout point, opening the door to short-term targets of $10.025 and $10.854.

A break below $7.516, however, would invalidate the current bullish structure, making it essential for traders to exercise caution when trading around these zones on leverage.