LINK's price may drop to $7.89 from $8.37 resistance, retail investors long, anticipation of aggressive sell flow.
The cryptocurrency LINK is currently facing significant resistance at prices between $8.37 and $8.48. The market momentum is stagnant, and there is an overwhelming number of retail investors holding long positions. However, aggressive selling pressure is prevalent in the market. This situation suggests a potential drop in price to as low as $7.89 before any significant recovery.