---
title: "LINK's price might hit $8.12 or drop to $7.65 as it hovers around $7.99. Break above $8.12 could push it to $8.50."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292374150.md"
description: "The cryptocurrency LINK is currently trading at $7.99, showing a consolidation pattern. It seems to have run out of momentum just below the SMA 50 resistance level. If it manages to close above $8.12, it could potentially reach $8.50. However, there are concerns about decreasing open interest and an increase in sell-side taker dominance in the market."
datetime: "2026-07-11T08:58:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292374150.md)
  - [en](https://longbridge.com/en/news/292374150.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292374150.md)
generator: "portal-rs"
---

# LINK's price might hit $8.12 or drop to $7.65 as it hovers around $7.99. Break above $8.12 could push it to $8.50.

The cryptocurrency LINK is currently trading at $7.99, showing a consolidation pattern. It seems to have run out of momentum just below the SMA 50 resistance level. If it manages to close above $8.12, it could potentially reach $8.50. However, there are concerns about decreasing open interest and an increase in sell-side taker dominance in the market.

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- [GLNK.US](https://longbridge.com/en/quote/GLNK.US.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**