Chainlink LINK Symmetrical Triangle Signals Potential Surge to $100

Chainlink LINK News - Chainlink's extended consolidation phase, marked by low volatility, has historically set the stage for significant price rallies. Currently trading at $23.57, LINK is forming a classic symmetrical triangle pattern—a technical formation that typically precedes explosive breakouts. Analyst Ali identifies $100 as a realistic target if LINK can overcome key resistance levels. Fibonacci retracement analysis further supports the bullish outlook, with the $23 support level acting as a crucial foundation. The asset's position NEAR the triangle apex suggests an imminent expansion in volatility. Market technicians note that symmetrical triangles represent a balance between buyers and sellers, with Chainlink's current compression at this technical inflection point indicating accumulating energy for a decisive directional move. Historical patterns show that breakouts from such formations often result in substantial trending movements.