- Chainlink breaks out of the long-term triangle pattern;analysts are predicting$31.57.
- LINK is above key 50- and 200-day moving averages.
- Volume-backed move signals real buying interest.
Chainlink (LINK) is flashing strong bullish signals after breaking out of a multi-year triangle. With solid support and growing institutional interest, LINK could be setting up for a major move higher.
LINK Breaks Out After 3 Years of Tight Consolidation
Chainlink is finally making noise again. The price of LINK, now hovering around $23.73, just broke out of a symmetrical triangle pattern that had been forming for almost three years. That’s not just any breakout — this one came right near the 0.618 Fibonacci level around $21, which often acts as a major pivot zone for both support and resistance.
This triangle wasn’t a quick formation. It slowly built higher lows over time while the highs got tighter, showing steady accumulation. The recent move above the upper trendline was clean, supported by rising volume and a strong weekly close. These are the kinds of breakouts traders wait months — sometimes years — for.
According to chart analysis shared by @ali_charts on X (formerly Twitter), the breakout points to a bullish roadmap ahead. The next Fibonacci levels sit around $31.57, $53.07, and potentially $102.67. While these aren’t overnight targets, they reflect the kind of price movement often seen in macro breakouts during bull cycles.
Technical Picture Looks Strong and Well-Supported
Looking under the hood, the technical structure behind LINK’s breakout looks solid. A red trendline tracking recent higher lows continues to act as dynamic support.
Short-term resistance zones are visible at $32, $38, and $52 — previous areas where LINK faced rejection. If LINK can flip $32 into support, it could set up a stair-step rally toward the higher targets.
Momentum indicators are also flashing green. The MACD is in bullish territory, and RSI is nearing overbought but stable — typical in early stages of strong trends. Volume has picked up, confirming real buyer demand.
TradFi Connections Add Fuel to the Fire
Beyond charts, Chainlink’s role in traditional finance is becoming clearer. Big names like SWIFT, Euroclear, and DTCC — all giants in global finance — are now actively working with Chainlink. These firms move trillions daily, and their involvement points to something much bigger unfolding behind the scenes.
Recently, references to “dtcc-testnet-andesite” were spotted in Chainlink’s codebase, stirring even more speculation about what’s next. This isn’t hype — it’s infrastructure being quietly put into place.
If LINK holds above key levels, this breakout could be the start of a much larger move.
