Chainlink (LINK) Eyes $100 Breakout as Analyst Flags $16 as Key Buying Zone

Chainlink LINK News - Chainlink's LINK token is currently trading at $21.77, testing critical resistance at $22 following recent price declines. A multi-year triangle pattern indicates significant coiled energy, with breakout potential targeting the $100 level if historical resistance levels are breached. Technical analyst Ali Martinez has identified the 0.5 Fibonacci level at $16 as a strategic accumulation zone for investors. Daily trading volume remains robust at $839 million despite minor price slippage, signaling sustained market interest and institutional attention. The cryptocurrency continues to face persistent resistance from a diagonal trendline dating back to its 2021 all-time high. Market observers note the symmetrical structure could resolve explosively given Chainlink's fundamental adoption growth in decentralized oracle networks and real-world asset tokenization.