Chainlink LINK Holds Critical Support, Bulls Target $50-$60 Breakout Zone
Chainlink's LINK token is showing resilience NEAR a key support zone on the two-week chart, reigniting bullish sentiment. The cryptocurrency has bounced from the lower boundary of a multi-year symmetrical triangle—a pattern tracing back to its 2021 all-time high. This technical structure, defined by converging trendlines of higher lows and lower highs, indicates equilibrium between buyers and sellers.
Analysts note the triangle's apex is approaching, which typically precedes volatile breakouts. The current price action suggests accumulation, with the $50–$60 range emerging as a plausible target if historical support holds. Such patterns often resolve in the direction of the prevailing trend—for LINK, this could mean a retest of its ATH if bullish momentum accelerates.
