LINK: Bulls Heading Towards a Key Decision ZoneChainLink / TetherUSBINANCE:LINKUSDTDukesMarketAnalysisResistance Meets the EMAs Chainlink has recovered well from the $7.00 support zone but is now testing the first major resistance around $8.60. This area is made even more significant by the 100/50-Day EMAs, which remain bearishly crossed and are acting as additional resistance. Bulls Need a Convincing Break A decisive move above $8.60 would strengthen the short-term outlook and suggest the recovery has further room to run. Until then, this remains a key decision zone where previous rallies have struggled to gain traction. Bull Trap Risk Remains While the recent recovery is encouraging, bulls should remain aware of the possibility of a bull trap or liquidity sweep before any sustained breakout develops. False breakouts around major resistance are common, particularly while the broader trend remains uncertain. Momentum Improving, But Confirmation Needed Momentum has improved from the recent lows, but confirmation will come from price rather than indicators alone. A clean break above resistance would shift the balance further in favour of the bulls, while rejection would keep the bears in control of the short-term trend. Summary Chainlink has reached an important technical crossroads. A convincing break above $8.60 would be a meaningful bullish signal, but until that happens, resistance, the bearishly crossed EMAs, and the risk of a false breakout all suggest caution remains warranted.