Chainlink Price Struggles at $8.20 Resistance Level

Chainlink's price remains stuck below $8.20, a level that has proven resistant to buyers in recent attempts.

The token's price has been trading near $8.10 after a weak daily close, with sellers still in control below the pivotal $8.20 level.

LINK moved between $8.08 and $8.23 over the past 24 hours, with trading volume standing at around $143 million.

The narrow price range suggests hesitation from buyers, but a wider structure indicates a bearish trend.

A recent chart analysis shows Chainlink has failed to extend its July recovery and is now testing short-term support.