Chainlink’s Next Move Could Propel LINK Toward $100

Key Points

• LINK holds above $21 support, targeting $31.57, $53.07, and $102.68 based on Fibonacci levels.
• Chart pattern mirrors Palantir’s pre-rally phase, signaling a possible breakout.
• Bullish sentiment rises among retail traders, with strong support on major exchanges.

Chainlink (LINK) is showing strong signs of a breakout after trading in a prolonged multi-year consolidation pattern. Analysts report that LINK is holding above the $21.00 support level while trading near $23.57.

Momentum remains strong as technical targets are placed at $31.57, $53.07, and $102.68 based on Fibonacci levels. This breakout signals the potential for a major move if the price continues to hold above key support.

The 0.618 Fibonacci level is acting as a strong base, suggesting that bullish pressure remains intact. Analysts see the current structure as a confirmation of a bullish trend continuation.

Fractal Pattern Mirrors Palantir’s Pre-Rally Phase

LINK’s current chart structure closely mirrors Palantir’s (PLTR) price action before its previous breakout. The formation includes sharp peaks, sideways ranges, and a series of higher lows building momentum.

This pattern suggests a strong accumulation phase is underway between the $5–$7 range, now shifting toward $20–$25. The historical similarity implies a possible parabolic rally if the structure holds.

The presence of higher lows supports the narrative that accumulation is nearing its final stages. Analysts indicate the market may be setting up for a larger upward movement.

Mixed Indicators Show Short-Term Volatility but Long-Term Strength

Short-term indicators, including the 4-hour supertrend, show a bullish reversal with LINK currently around $23.05. The supertrend flipped to “Buy” near $22.30, indicating renewed momentum.

Bollinger Bands place the mid-band at $23.68, a critical short-term level to hold. Despite temporary overbought signals, LINK remains structurally strong with long-term fundamentals intact.

Market sentiment is leaning bullish, with retail sentiment at +1.41 and institutional sentiment at +0.29. This shows retail investors are more optimistic than cautious institutions.

Derivatives data shows a slight decline in futures volume, while open interest has dropped marginally to $1.70B. Binance and OKX data show a bullish long/short ratio, pointing to growing optimism on major platforms.

Liquidation data reflects pressure on both sides, but short positions faced heavier losses over the past 12 hours. Overall, LINK maintains a bullish structure with signs of continued accumulation and breakout potential.