LINK sits at $16.09, above long-term support but below heavy resistance, marking a “no-trade zone” for cautious traders.
Symmetrical triangle pattern shows shrinking volatility; breakout or breakdown is likely near mid-2026.
LINK vs BTC holds key support at 0.0001368 BTC; breakout toward 0.0004389 BTC implies potential 165% gain.
Chainlink ($LINK) is currently stuck in a $13 to $26 range. Looking at weekly charts from 2021 to November 2025, the token appears ready for a big move. LINK soared above $50 in 2021 but then fell sharply before finding some stability. Now, with its price range tightening, a major upward or downward move could happen soon — potentially before mid-2026.
The current price of $16.09 positions LINK just above its long-term ascending support but below heavy resistance. This range marks a “no-trade zone,” as analyst Ali emphasized, meaning traders await a confirmed breakout before taking new positions. The chart uses Binance perpetual contract data, highlighting how LINK’s price has gradually formed a symmetrical triangle — a pattern that often precedes large market moves.
Source: Ali
Long-Term Consolidation Builds Pressure
Chainlink (LINK) has been rising consistently since the middle of 2022, creating a trend of higher lows. This demonstrates that buyers are regularly taking over. Conversely, the market is under a long-term squeeze because the upper resistance line links multiple lower highs since 2021. Price fluctuations have decreased as a result, indicating a tightening market.
LINK has conducted numerous tests at both the top and bottom of this spectrum. In 2024 and 2025, it attempted to reach $28, but each time it retreated. It is anticipated that the triangular pattern will peak around the middle of 2026, indicating the possibility of a big price shift in the upcoming months.
Analysts Eye 2026 as DeFi Revival Year
Market analyst Michaël van de Poppe is optimistic about LINK’s future. “A great spot to be accumulating $LINK,” he said, expecting a strong DeFi recovery in 2026. His chart comparing LINK to Bitcoin shows the token trading near a crucial support level of 0.0001368 BTC. If it holds, LINK could rebound toward the next breakout zone near 0.0004389 BTC — a potential 165% rise.
Source: Michaël van de Poppe
Furthermore, LINK's years-long sideways activity may come to an end if it maintains its vigor above this opposition. Therefore, whether Chainlink breaks out or keeps consolidating will probably be determined during the coming months.
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