Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Chainlink Triangle Approaches Its Peak: Can Bulls Push Past the $100 Mark?

Chainlink Triangle Approaches Its Peak: Can Bulls Push Past the $100 Mark?

Bitget-RWA2025/09/27 03:56
By:Coin World

- Chainlink (LINK) trades near $21.89 at its triangle pattern apex, with analysts projecting $35–$40 if resistance breaks. - Technical indicators show bullish momentum (RSI rebound, MACD rise) and $15.8B market cap amid stable $23.35 price. - Key support at $22–$23 and resistance at $27.88 could trigger a $28+ rally, with long-term targets up to $100. - Institutional inflows and on-chain accumulation suggest strategic positioning ahead of potential multi-year breakout.

Chainlink Triangle Approaches Its Peak: Can Bulls Push Past the $100 Mark? image 0

Chainlink (LINK) has spent several years consolidating within a symmetrical triangle, with its current price hovering around $21.89—a pivotal point as it approaches a possible breakout. Technical experts point to the triangle’s apex as a crucial moment for direction, noting that past breakouts from similar formations have led to notable price swings. This pattern, marked by a series of higher lows and lower highs, has become a battleground for buyers and sellers, illustrating ongoing market uncertainty. Captain Faibik, an analyst, observes that the projected move from this triangle could send LINK to the $35–$40 range, consistent with previous bullish runs in comparable scenarios. Bullish momentum is building, as indicated by a recovering RSI and a MACD trending upward, while trading volume suggests ongoing accumulation Chainlink Edges Toward Breakout as Multi-Year Triangle Nears Apex at $23.35 [ 1 ].

Recent short-term data further supports LINK’s price stability. According to BraveNewCoin,

is currently trading at $23.35, boasting a market capitalization of $15.8 billion and a 24-hour trading volume of $493 million. Although the price slipped by 0.93% over the past day, liquidity remains strong, ensuring active trading across platforms. Forecasts for September 2025 place LINK between $23.10 and $23.57, with steady gains anticipated through October and November. By December, analysts expect the average price to approach $26, fueled by growing institutional interest and a more favorable macroeconomic environment Chainlink Edges Toward Breakout as Multi-Year Triangle Nears Apex at $23.35 [ 1 ].

Seasoned trader Matthew Dixon’s technical review points to the consolidation phase nearing its end. An Elliott Wave analysis suggests that the corrective wave 4 may have concluded, with support forming in the $22–$23 range and resistance at $27.88 acting as a potential breakout point. Surpassing $27.88 could spark a strong rally toward $28 and higher, setting the stage for the next major move Chainlink (LINK) Breaks 3-Year Pattern; Analyst Eyes $86 [ 2 ]. The 4-hour RSI remains neutral, indicating balanced market conditions, while the pattern of higher lows continues to support accumulation Chainlink Edges Toward Breakout as Multi-Year Triangle Nears Apex at $23.35 [ 1 ].

Analyst Ali (@ali_charts) points to a possible $95 target if LINK can break above $24, with Fibonacci extensions identifying $31.87, $52.30, and $86.15 as longer-term milestones. A recent 8.7% price jump to $20.90, despite an 11% drop in trading volume, reflects persistent upward momentum. LINK now ranks as the 13th largest cryptocurrency by market cap, valued at $14.17 billion. On-chain metrics show bullish trends, such as significant exchange outflows in late 2024 and inflows that matched the price climb toward $25 in mid-2025 Chainlink (LINK) Breaks 3-Year Pattern; Analyst Eyes $86 [ 2 ].

Key support and resistance zones remain vital. The $16 level, which aligns with the triangle’s rising support, is seen as an important area for a potential retest before any trend reversal. Immediate resistance is found between $25 and $27, while a breakout above $31 has historically led to moves toward the $50–$52 range. A decisive breakout from the triangle could see LINK aiming for $100, based on the pattern’s height. With the RSI at 46.75 and the MACD below its signal line, bearish pressure persists, though the asset is not yet oversold. Traders are closely watching $19.53 as a crucial support; a drop below this could trigger further declines Chainlink (LINK) Price: Triangle Pattern Points to $16 Support Test Before Potential Rally [ 4 ].

Market sentiment is generally positive, echoing technical signals. Large holders accumulating near $16 and institutional inflows, including a $51 million withdrawal from exchanges in mid-2024, suggest strategic positioning. LINK’s 24-hour trading volume of $1.23 billion and circulating supply of 678 million tokens highlight its established role in the market. While short-term price swings continue, the resolution of the multi-year triangle is seen as imminent, with a sustained rally possible if resistance is convincingly surpassed Chainlink (LINK) Price: Triangle Pattern Points to $16 Support Test Before Potential Rally [ 4 ].

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Pepeto’s $6.8M Presale Surges as Ethereum Faces $1.8B in Liquidations

- Pepeto's $6.8M presale highlights Ethereum's $1.8B liquidations and volatile market conditions. - The project combines meme culture with zero-fee trading and 225% APY staking to attract investors. - Ethereum's pullback drives capital to early-stage projects like Pepeto, which targets tier-one listings. - Infrastructure audits and transparent team boost confidence in its 420 trillion-token ecosystem. - Analysts compare Pepeto to Dogecoin, but its utility-focused model aims for 2025 differentiation.

Bitget-RWA2025/09/27 05:32
Pepeto’s $6.8M Presale Surges as Ethereum Faces $1.8B in Liquidations

LYS Labs: Powering Solana’s Financial Market Infrastructure

- LYS Labs, a Solana-focused Web3 data infrastructure firm, announced strategic advancements including its low-latency LYS Flash trading product. - The company partnered with QuickNode to deliver 14ms Solana data and integrated Chainlink for tamper-proof pricing, enhancing DeFi execution speed. - LYS Flash enables sub-36ms transaction execution by abstracting DEX complexities, addressing MEV risks and optimizing priority fees for high-frequency trading. - With 620+ active users and 16B+ processed events, L

Bitget-RWA2025/09/27 05:18
LYS Labs: Powering Solana’s Financial Market Infrastructure

SWIFT's Efforts to Advance Blockchain Face Legal Barriers in Settlements

- SWIFT launches blockchain pilot with Linea's zk-rollup tech to streamline cross-border payments for 12+ major banks. - Project aims to integrate on-chain messaging/settlement, reducing reliance on intermediaries and legacy systems. - Legal finality challenges persist as SWIFT seeks to align blockchain confirmations with regulatory frameworks. - LINEA token surged 14% post-announcement, but analysts warn technical/regulatory hurdles may delay outcomes. - Success could redefine global interbank communicati

Bitget-RWA2025/09/27 05:18
SWIFT's Efforts to Advance Blockchain Face Legal Barriers in Settlements

ZKC has dropped by 4181.57% over the past year as a result of market fluctuations and increased regulatory oversight.

- ZKC plummeted 4181.57% in one year, with sharp declines over shorter periods. - Regulatory investigations and enforcement actions over non-compliance and market manipulation allegations have intensified, triggering a sell-off. - Authorities froze key ZKC accounts, eroding investor confidence and accelerating the decline.

Bitget-RWA2025/09/27 05:16
ZKC has dropped by 4181.57% over the past year as a result of market fluctuations and increased regulatory oversight.