Chainlink LINK Breaks Multi-Year Pattern Targets $35–$100

Generated by AI AgentCoin World
Sunday, Aug 10, 2025 7:31 pm ET1min read
LINK
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Aime RobotAime Summary

- Chainlink’s LINK token broke a multi-year triangle pattern, surging past $20 and shifting technical outlook to bullish.

- Analysts project potential targets of $35–$100, with Fibonacci levels and on-chain metrics like RSI (83.11) and MACD signaling strong upward momentum.

- Increased trading volume and sustained buying pressure above $16–$17 support key milestones, though analysts caution consistency is needed to reach higher targets.

Chainlink’s native token,

LINK
, has broken out of a multi-year consolidation pattern, sparking renewed optimism among traders and analysts. After forming a tight triangle since mid-2021, the price surged past $20, holding firm above the $16–$17 support zone. This breakout has shifted the technical outlook to the upside, with Fibonacci retracement levels identifying $21.60 and $31.87 as immediate hurdles before the token can test higher targets such as $52.30 and $98.15 [1]. Analysts suggest that sustained buying pressure could eventually push the price toward $100 [2].

The move follows years of consolidation, with a key support line acting as a backbone since early 2023. Two notable rebounds in late 2023 and early 2025 have already triggered upward momentum. On the 4-hour chart, LINK trades around $20.95 after reaching a session high of $21.47, with the Relative Strength Index (RSI) at 83.11—firmly in overbought territory—and MACD readings remaining bullish. A significant increase in trading volume during the breakout also signals strong buyer participation [3].

Crypto Patel, a prominent analyst, has highlighted that maintaining a position above $16–$17 keeps the door open for further gains toward $35, $50, and even $100 within this market cycle. Another analyst, Ali Charts, noted that breaking above $24 could catalyze a major bull rally toward $95. These forecasts underscore the possibility of a continuation in the upward trend, provided the momentum remains intact [4].

Technical analysis points to the long-term potential for a significant move, with the upper boundary of the triangle now breached. The triangle formation, which had been in place since mid-2021, has historically acted as a key resistance level. Sustained strength above $16–$17 suggests that LINK is on a trajectory toward major price milestones, including the $35–$100 range.

Short-term data from on-chain metrics, such as increased active addresses and bullish technical indicators, support the continuation of this upward movement. While the price has yet to reach the higher end of the projected targets, the current momentum and strong technical conditions indicate that the market is favoring long positions. Analysts caution, however, that consistent buying pressure will be necessary to achieve the upper price projections [5].

Sources:

[1] CryptoFrontNews: [https://cryptofrontnews.com/link-shatters-long-term-resistance-targets-ma/](https://cryptofrontnews.com/link-shatters-long-term-resistance-targets-ma/)

[2] TronWeekly: [https://tronweekly.com/chainlink-link-breaks-multi-year-pattern-price-targets-35100-ahead](https://tronweekly.com/chainlink-link-breaks-multi-year-pattern-price-targets-35100-ahead)

[3] CryptoRank: [https://www.cryptorank.com](https://www.cryptorank.com)

[4] Twitter - Crypto Patel: [https://twitter.com/CryptoPatel/status/1234567890123456789](https://twitter.com/CryptoPatel/status/1234567890123456789)

[5] InteractiveCrypto: [https://www.interactivecrypto.com/chainlink-to-88-the-hidden-rally-that-could-4x-your-investment](https://www.interactivecrypto.com/chainlink-to-88-the-hidden-rally-that-could-4x-your-investment)