$LINK is trading around the 9.41 area, holding comfortably above the ascending trendline that has been rising since late March and continues to provide solid support on every meaningful dip. After the explosive push to the 9.80 highs that was highlighted in the last update, price has pulled back and is now consolidating just below the 9.40–9.50 horizontal resistance that has been a key reference point throughout this range.
As long as LINK holds above the trendline and the 9.20 area, the structure remains bullish and a clean break above 9.50 would put the 9.80 highs and the 10.00 area back in focus. A trendline loss on a closing basis would be the first warning sign, opening the door toward the 9.00–8.80 zone below.
LINK
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