$LINK is doing a lot of work for very little price movement. 👀
After the drop from 8.48, sellers pushed price into the 7.76 area, but they couldn't keep it there. Since then, LINK has been trading sideways between roughly 7.76 and 8.02, building a tight base while RSI holds near the middle.
What I see is a market that's stopped trending lower. Every dip into the bottom of the range gets bought, while sellers keep defending the 8.00 zone. That's classic range behavior before a bigger move.
📍 Support: 7.76
📍 Range High: 8.02
📍 Major Resistance: 8.20
My read? LINK is coiling. Not bullish enough to call a breakout, not weak enough to call a breakdown. A push above 8.02 could bring momentum back and open the door toward 8.20. Lose 7.76, and the range likely resolves lower.
For now, I'm watching for a range expansion. The longer this base holds, the bigger the next move tends to be. 👀📈
Trade #LINK here
