LINK Struggles at Resistance: Breakout or Pullback Ahead?

LINK is currently trading at $9.69, just above its upper Bollinger Band at $9.78, and RSI levels are in overbought territory at nearly 73.

The bulls have pushed LINK to the door of resistance, but momentum is dying at the top of this move, not at the bottom.

According to Peter Zhang's analysis, a 65% probability pullback to $9.47 is set up before a genuine breakout, which would require an external catalyst such as a BTC-driven surge or a major protocol-level announcement.

The derivatives picture suggests that leveraged players are building positions, with retail sitting 62.5% long and the top trader cohort positioned 64.1% long.

However, the taker buy/sell ratio is slightly bearish at 0.9322, indicating sellers are edging out buyers in real-time order flow aggression.