$LINK has already broken out of its long-term descending channel, but the market hasn’t seen a strong continuation yet.
Price is currently consolidating around $9.19, holding a range between $7.95 support and $9.60 resistance suggesting a temporary balance between buyers and sellers after the extended downtrend.
Bulls continue to defend the $7.95 zone, while multiple attempts to break $9.60 have been rejected, keeping price compressed inside this range.
A clean reclaim of $9.60 could shift momentum and open the door toward the $12 resistance level.
Just seeing how its following $ETH here.