⚡️ Chainlink ($LINK ) Is Breaking Out of a 3-Year Pattern: Here Are the Next Price Targets

Chainlink (LINK) is showing signs of a major breakout, pushing against the limits of a huge symmetrical triangle pattern that has been forming since 2021.

For nearly three years, LINK’s price has been coiling between a descending resistance line from its all-time high and an ascending support line from its 2022 lows.

We saw this coming. This breakout didn’t happen overnight. Here’s our report corroborating on the investor accumulation that kept building for LINK near $16

💬 Chainlink #LINK breaking above $24 clears the way for a massive bull rally to $95 — Ali / August 9, 2025

This type of pattern signals that price volatility has been squeezing tighter and tighter, typically building up pressure for a big move. Key Fibonacci extension levels suggest that if a breakout occurs, the upside targets could be $31.87, $52.30, and even $86.15.

These long-term projections indicate LINK could surpass $50 by 2026 and push beyond $80 in early 2027.

🔸 Recent Price Movement and Market Capitalization

On the day’s trading, #Chainlink gained 8.7% in a single session, reaching a peak of $20.90 at the time of writing. This upward movement positions LINK as the 13th largest cryptocurrency by market capitalization, valued at approximately $14.17 billion.

Despite this price increase, trading volume declined by 11.16% to $1.35 billion, pointing to a more measured transactional environment compared to its market cap. The circulating supply currently stands at nearly 678 million LINK tokens, out of a total supply of 1 billion, with no maximum supply cap defined.

🔸 Exchange Flow and Token Movement Insights

An analysis of LINK’s spot inflow and outflow data over the past 10 months shows patterns tied to price shifts. From mid-October to early December, large outflows dominated as holders moved tokens off exchanges, typically seen as a bullish sign. However, during this period, LINK’s price declined from roughly $30 to nearly $15 in December.