Chainlink Price Struggles at $8.20 Resistance Level

Chainlink's price struggles to break above $8.20 as sellers defend the resistance level, keeping the token below this critical support.

The LINK price has been trading near $8.10 after a weak daily close, with a narrow range indicating hesitation but still leaning bearish overall.

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

For traders to mitigate the current outlook, which suggests further downside pressure, price would need to clear $8.20, a level that halted the last bounce attempt.