Chainlink smashes multi-year triangle resistance, holding firm above $16–$17 support.
Fibonacci markers show $21.60 and $31.87 as critical hurdles.
Sustained momentum could open the path toward triple-digit prices.
Chainlink has broken free from years of tight consolidation, soaring past $20. Supported by a firm $16–$17 base, the breakout opens the door for a surge toward $35, $50, and potentially $100 levels.
A Break Years in the Making
Chainlink’s multi-year consolidation phase has finally given way to a decisive move. A two week data from Binance shows the candle opening at $16.30, climbing to $19.99, and briefly touching $20.03..
Since early 2023, an ascending trendline has acted as a backbone, forming higher lows through every dip. That support line has sparked two notable rebounds , one in late 2023 and another in early 2025 . Each was followed by strong upward pushes.
The long-standing base at $9.55 remains untouched.This level has held firm through multiple downturns.A break above the upper boundary of the symmetrical triangle, which has been forming since mid-2021, has now shifted the technical outlook toward the upside.
Crypto Patel notes that holding above $16–$17 leaves the door open for $35, $50, and even $100 within this cycle.
https://twitter.com/CryptoPatel/status/1954040945264984540
Important Resistance Levels to Watch Closely
According to TradingView data from Ali Charts, Fibonacci retracements highlight the next obstacles. The $21.60 level is the first major test. Beyond it, $31.87 stands as a larger barrier before the market can stretch toward $52.30 and $98.15.
https://twitter.com/ali_charts/status/1954069634673783255
LINK’s rise from a 2022 base between $5.17 and $8.92, through $12.51, and later to $16.44, reflects a market that’s been building pressure for years. With the triangle’s apex still approaching in 2026, the breakout has come early, suggesting room for further expansion.
Short-Term Surge Shows Strong Momentum
On a 4-hour chart as per CryptoRank, LINK is trading around $20.95 after a session high of $21.47. The rally from $16.00 has been steady, with few pauses.
MACD readings remain bullish, while the RSI sits at 83.11 — firmly in overbought territory. Volume has climbed sharply during the breakout, signaling heavy participation from buyers.
For now, momentum is carrying the trend. Clearing $21.60 could be the spark for the next leg higher.
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