Chainlink (LINK) Eyes $150 Target as Breakout Confirms Macro Uptrend

Chainlink (LINK) has decisively broken out of a multi-year symmetrical triangle pattern on the weekly chart, signaling the potential start of a macro uptrend. Currently trading around $19.35, the cryptocurrency now holds above key moving averages and its triangle resistance—a strongly bullish technical development.

Noted analyst Fitzo crypto has projected a long-term price target of $150, contingent upon sustained market momentum. This forecast is supported by increasing trading volume and a strengthening price structure observed since mid-2023. In the near term, resistance at $20.50 presents a potential challenge where a sell wall may test the breakout's strength. A successful breach could pave the way toward $26.

The resolution of this three-year consolidation pattern mirrors historical instances where prolonged compression preceded significant parabolic rallies. Market participants are closely monitoring these developments as altseason dynamics continue to unfold.