LINK price at $7.91 consolidates near $8.12 resistance; a close above $8.12 could lead to a rise to $8.94.

The cryptocurrency LINK is currently trading at $7.91, displaying a pattern of consolidation. There is a significant bullish sentiment among large investors, although there is a noticeable selling pressure from current market participants. If LINK manages to close above the 50-day Simple Moving Average (SMA) at $8.12, it is likely to reach a target price of $8.94.