Chainlink Triangle Approaches Its Peak: Can Bulls Push Past the $100 Mark?
- Chainlink (LINK) trades near $21.89 at its triangle pattern apex, with analysts projecting $35–$40 if resistance breaks. - Technical indicators show bullish momentum (RSI rebound, MACD rise) and $15.8B market cap amid stable $23.35 price. - Key support at $22–$23 and resistance at $27.88 could trigger a $28+ rally, with long-term targets up to $100. - Institutional inflows and on-chain accumulation suggest strategic positioning ahead of potential multi-year breakout.
Chainlink (LINK) has spent several years consolidating within a symmetrical triangle, with its current price hovering around $21.89—a pivotal point as it approaches a possible breakout. Technical experts point to the triangle’s apex as a crucial moment for direction, noting that past breakouts from similar formations have led to notable price swings. This pattern, marked by a series of higher lows and lower highs, has become a battleground for buyers and sellers, illustrating ongoing market uncertainty. Captain Faibik, an analyst, observes that the projected move from this triangle could send LINK to the $35–$40 range, consistent with previous bullish runs in comparable scenarios. Bullish momentum is building, as indicated by a recovering RSI and a MACD trending upward, while trading volume suggests ongoing accumulation Chainlink Edges Toward Breakout as Multi-Year Triangle Nears Apex at $23.35 [ 1 ].
Recent short-term data further supports LINK’s price stability. According to BraveNewCoin,
Seasoned trader Matthew Dixon’s technical review points to the consolidation phase nearing its end. An Elliott Wave analysis suggests that the corrective wave 4 may have concluded, with support forming in the $22–$23 range and resistance at $27.88 acting as a potential breakout point. Surpassing $27.88 could spark a strong rally toward $28 and higher, setting the stage for the next major move Chainlink (LINK) Breaks 3-Year Pattern; Analyst Eyes $86 [ 2 ]. The 4-hour RSI remains neutral, indicating balanced market conditions, while the pattern of higher lows continues to support accumulation Chainlink Edges Toward Breakout as Multi-Year Triangle Nears Apex at $23.35 [ 1 ].
Analyst Ali (@ali_charts) points to a possible $95 target if LINK can break above $24, with Fibonacci extensions identifying $31.87, $52.30, and $86.15 as longer-term milestones. A recent 8.7% price jump to $20.90, despite an 11% drop in trading volume, reflects persistent upward momentum. LINK now ranks as the 13th largest cryptocurrency by market cap, valued at $14.17 billion. On-chain metrics show bullish trends, such as significant exchange outflows in late 2024 and inflows that matched the price climb toward $25 in mid-2025 Chainlink (LINK) Breaks 3-Year Pattern; Analyst Eyes $86 [ 2 ].
Key support and resistance zones remain vital. The $16 level, which aligns with the triangle’s rising support, is seen as an important area for a potential retest before any trend reversal. Immediate resistance is found between $25 and $27, while a breakout above $31 has historically led to moves toward the $50–$52 range. A decisive breakout from the triangle could see LINK aiming for $100, based on the pattern’s height. With the RSI at 46.75 and the MACD below its signal line, bearish pressure persists, though the asset is not yet oversold. Traders are closely watching $19.53 as a crucial support; a drop below this could trigger further declines Chainlink (LINK) Price: Triangle Pattern Points to $16 Support Test Before Potential Rally [ 4 ].
Market sentiment is generally positive, echoing technical signals. Large holders accumulating near $16 and institutional inflows, including a $51 million withdrawal from exchanges in mid-2024, suggest strategic positioning. LINK’s 24-hour trading volume of $1.23 billion and circulating supply of 678 million tokens highlight its established role in the market. While short-term price swings continue, the resolution of the multi-year triangle is seen as imminent, with a sustained rally possible if resistance is convincingly surpassed Chainlink (LINK) Price: Triangle Pattern Points to $16 Support Test Before Potential Rally [ 4 ].
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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