$LINK Trapped Between $8.00 and $8.75

Chainlink's $LINK token has been trading near $8.18 as volatility tightens, leaving it inside one of its narrowest trading ranges in recent weeks.

The setup suggests a larger move could be approaching, but the chart has yet to confirm whether buyers or sellers will gain control.

Recent network developments provide longer-term support rather than an immediate catalyst for the token.

$LINK remains confined between $8.00 and $8.75, below the 20-day moving average at $8.38, indicating that buyers have not yet regained short-term control.

The Bollinger Bandwidth has fallen to 8.88, one of its lowest readings in recent months, reflecting declining volatility and often preceding a larger price move.