$LINK is still respecting its ascending channel, but it's approaching the most important resistance on the chart.
The $8.20–$8.58 zone has turned back price several times before.
That makes this area the key decision point for the next move.
A strong breakout and close above $8.58 could clear the path toward the $9.00 region.
If sellers defend this level again, the current range could continue and bearish pressure may remain.
Volume will likely decide the outcome.
Without strong buying interest, this resistance could hold once again.