$LINK Chainlink Faces Resistance at Key Level Amid Oracle Season

Chainlink's recent price action has been a subject of interest among traders and investors. The cryptocurrency's price has been hovering around the $9 mark, but it's facing resistance in maintaining this level.

The next crucial level for Chainlink is $8, which serves as both support and resistance. If the price were to fall below $8, analysts predict that the next potential support zone would be around $7.15.

Conversely, reclaiming the $10.94-$11.61 range could indicate a bullish trend reversal. As Oracle season is looming, the market's attention will be focused on Chainlink's price performance in this period.