Chainlink LINK Shatters Multi-Year Triangle Pattern, Eyes $35 Target
Chainlink's LINK token has decisively broken out from a multi-year symmetrical triangle pattern, with analysts projecting a potential rally toward $35. The breakout follows months of consolidation above the $16-$17 resistance zone, now flipped to support.
Technical analyst crypto Patel identifies higher timeframe targets at $50 and $100 if buying pressure sustains. The two-week chart shows a series of higher lows building since the $8.95 base established in 2022—a level market participants now view as long-term structural support.
Trading activity indicates strengthening momentum as LINK holds above $20, a psychological threshold that could accelerate gains. Macro conditions permitting, some charts suggest an eventual $230 target in later market cycles.
