---
title: "LINK price at critical level of $8.00. Expect bounce to $8.47 or drop to $7.85 in 48 hours. Momentum flatlined, but oversold stochastics signal potential upside."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294576501.md"
description: "The cryptocurrency LINK is currently trading at $8.14, its lower Bollinger Band, indicating a potential buying opportunity. Momentum is stagnant and there is aggressive selling pressure in the market. However, large investors (whales) are accumulating positions and the stochastics indicator shows that the asset is deeply oversold, setting the stage for a potential price increase."
datetime: "2026-08-01T07:53:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294576501.md)
  - [en](https://longbridge.com/en/news/294576501.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294576501.md)
generator: "portal-rs"
---

# LINK price at critical level of $8.00. Expect bounce to $8.47 or drop to $7.85 in 48 hours. Momentum flatlined, but oversold stochastics signal potential upside.

The cryptocurrency LINK is currently trading at $8.14, its lower Bollinger Band, indicating a potential buying opportunity. Momentum is stagnant and there is aggressive selling pressure in the market. However, large investors (whales) are accumulating positions and the stochastics indicator shows that the asset is deeply oversold, setting the stage for a potential price increase.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**