$LINK is trading around the 8.88 area, grinding inside a wide range that has been in place since February with price oscillating between the 8.21 lows and the 10.00 area repeatedly. The ascending trendline has been rising steadily from below and recently provided a clean bounce from the 8.21 support, pushing price back into the middle of the range where it now sits with no clear directional conviction.

As long as LINK holds above the 8.40–8.21 zone, the structure favors another attempt at the upper range toward 9.40 and potentially 10.00. A breakdown below that support confluence would be a significant shift, invalidating the trendline and opening the door toward much lower levels. The range boundaries are clear and this is a patient setup.