Chainlink breakout is likely if LINK closes above the $26.5–$31 two‑week zone, confirming escape from a six‑year symmetrical triangle; confirmed breakout targets are $31, $50 and $100, with $22 as the key nearby risk level.
Triangle breakout confirmation: two‑week close above $26.5–$31
Major accumulation nodes at $6.5–$8 and $22 signal strong support and thin liquidity above $31
Momentum and ascending structure support targets of $31, $50 and $100 if breakout holds
Chainlink breakout: LINK needs a two‑week close above $26.5–$31 to confirm targets of $31, $50 and $100 — monitor $22 as the main risk. Read analysis and trade levels now.
Chainlink nears the breakout zone of a six-year triangle, with $26–$31 as key confirmation and targets set at $31, $50, and $100.
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Chainlink (LINK) is approaching a decisive technical structure, with analysts pointing to a potential breakout from a six‑year symmetrical triangle. The price is pressing against long‑term resistance, raising anticipation of a larger directional move.
Chainlink breakout refers to LINK closing above the triangle’s upper trendline with a two‑week candle close above the $26.5–$31 confirmation zone. That close would validate a measured move with primary targets at $31, $50 and $100 while defining $22 as the critical nearby support risk.
The triangle shows a rising base meeting descending resistance since 2019, creating compression and energy buildup. Price currently sits near the upper trendline at roughly $26–$27, testing resistance without sharp rejection — a signal that buying pressure is mounting within the formation.
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Source: https://en.coinotag.com/chainlink-could-see-breakout-from-six-year-triangle-if-it-closes-above-26-31-targets-31-50-100/