Chainlink LINK Technical Analysis Points to Major Rally Following Brief Pullback

Chainlink (LINK) is displaying a compelling technical setup, with a multi-year symmetrical triangle pattern suggesting an imminent breakout. Analyst Ali identifies key resistance levels at $31, $52, and $98, contingent on a brief retracement to the $21–$22 support zone. The asset's struggle to break through long-term resistance highlights near-term volatility, though the overall trajectory remains bullish.

Symmetrical triangles typically precede significant price movements, and LINK's current test of the upper trendline indicates a potential inflection point. Traders are watching for confirmation of either a breakout or further consolidation. Fibonacci extension levels reinforce the projected targets, underscoring the importance of key support levels in upcoming trading sessions.