Chainlink (LINK) Is Breaking Out of a 3-Year Pattern: Here Are the Next Price Targets
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- LINK nears breakout after years in symmetrical triangle, targets above $50 by 2026.
- Price rose 8.7% to $20.90 despite 11% volume drop, showing steady upward momentum.
- RSI close to overbought, MACD bullish crossover signals strong but cautious momentum.
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
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 project…
The post Chainlink (LINK) Is Breaking Out of a 3-Year Pattern: Here Are the Next Price Targets appeared first on Coin Edition.
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