Chainlink LINK Bulls Eye $30 Breakout as Key Resistance Test Looms

Chainlink (LINK) is approaching a crucial juncture as analysts project a potential rally toward $30, contingent on breaking through the $25 resistance zone. The altcoin, currently trading around $23.60, has demonstrated volatility with a 5% decline following repeated rejections at $24.80. Market observers are closely tracking the symmetrical triangle pattern, indicating consolidation before a potential breakout.

Prominent analyst Ali Martinez identifies the $24.80–$25 range as critical, coinciding with the 0.618 Fibonacci retracement level. A decisive breakthrough could propel LINK toward $27.85 and eventually $30.12, with additional upside potential to $31.39 if bullish momentum persists. The symmetrical triangle's tightening price action suggests an imminent resolution, though directional clarity remains pending.