Chainlink (LINK) is trading near $9.13 as traders monitor key resistance levels between $9.16 and $9.26. Despite positive funding rates indicating bullish sentiment, declining open interest suggests reduced trader participation and weaker conviction. The token remains below major moving averages, with the 50-day EMA at $9.16 and the 100-day and 200-day EMAs at $10.19 and $12.08, respectively. Momentum indicators like RSI and MACD show mild strength, with RSI near 54 and MACD turning positive, suggesting early signs of upward momentum. However, the lack of strong nearby support increases the risk of pullbacks if resistance holds. A break above current resistance could push LINK toward $10.19, while failure to maintain current levels may lead to a decline toward $8.68.