Overview
- LINK traded around $8.94–$9.13 today, consolidating after a rebound into a weekly band of $8.52 to $9.55.
- Traders are watching for a daily close above $10 to confirm a breakout that could open targets near $11 to $12.
- Price sits near the upper edge of a long-term descending channel, with immediate support flagged around $8.8–$9.0 and a deeper zone at $8.2–$8.0.
- Spot products recorded ongoing inflows, with SoSoValue citing $2 million on March 9 and $92.66 million in cumulative additions.
- Derivatives activity shows softer futures volume while open interest holds near $369.6 million, signaling positions are being carried through the pause.