#Chainlink

Chainlink to $100? Analyst Spots Key Breakout Level!

Analyst Ali Martinez has highlighted a critical moment for Chainlink ($LINK ) that could spark a massive bull run. According to Martinez’s recent post on X, $LINK is nearing the end of a multi-year Triangle pattern, a technical analysis setup where the price consolidates between converging trendlines.

The chart shows $LINK recently rejected at the Triangle’s upper resistance around $25. With the price now in a narrow range, a breakout could be imminent. A surge above $25 could trigger a bullish rally, potentially pushing LINK to the 1.272 Fibonacci Extension level near $100. However, a drop below the lower support line could signal bearish momentum.

Currently trading at ~$18 (down 2% this week), LINK’s next move could set the tone for its future. Keep an eye on this breakout zone! 📈