LINK Price Extends Increase, Will Chainlink Bulls Be Able to Hit $8.5 Milestone?

Chainlink’s LINK price is moving higher above the $7.25 resistance. The price is now consolidating gains and might aim for more upsides above $7.50.Chainlink price is showing positive signs above $7.25 against the US dollar.
The price is trading above the $7.30 level and the 100 simple moving average (4 hours).
There is a key bullish trend line forming with support near $7.25 on the 4-hour chart of the LINK/USD pair (data source from Kraken).
The price could restart its increase unless the