LINK Price Treads Water at $8.74 as Smart Money Leans Long

The price of LINK has reached $8.74, but it's parked beneath two overlapping ceilings: the upper Bollinger Band at $8.77 and the 200-day SMA at $8.84.

The short-term moving average structure is constructive, with the SMA 7, SMA 20, and SMA 50 stacked below price, confirming a legitimate uptrend skeleton built over the past two months of price action.

However, momentum indicators are sputtering, with a flattened MACD line and signal line, a histogram printing zero, and a Stochastic %K at 91.55 blasting through overbought territory on the daily.

The Binance spot volume for the 24-hour session was $29.7 million, which is not an institutional torrent that breaks multi-month resistance zones cleanly.