- Chainlink’s long-term ascending triangle pattern signals growing pressure with $24 as the key resistance level.
- Chainlink’s reserve continues to expand steadily, showing consistent accumulation and strong project fundamentals .
- Technical indicators and on-chain data show renewed buying momentum,and stronger holder confidence around $19.
Chainlink (LINK) is keeping investors on alert as the market consolidates. Analysts believe the setup still supports a potential rally if the price manages to clear important resistance levels soon.
Chainlink’s Chart Structure Suggests a Possible Big Move Ahead
Crypto analyst Ali Martinez shared Chainlink’s price movement against Tether (USDT) from 2022 to 2027. The chart forms a large ascending triangle pattern. This formation often appears before strong breakouts.
LINK is currently trading near $19. The upper part of the triangle sits near $24, a price many traders are watching. If LINK breaks and holds above this level, it could move toward the next major target around $84, according to the projection by analyst Ali Martinez.
However, failure to hold and a breakdown could send the price into a sideways range or even drop it down a bit. As the triangle’s apex approaches, many traders expect a clear move in the upward direction.
Even with recent dips, LINK’s larger structure remains steady. The pattern shows that buyers are still active, keeping the setup alive for a possible breakout .For the price to continue higher, LINK must break and close above the $24 resistance zone. If rejected again, the price could test $16 before finding support.
Chainlink’s Reserve Growth Reflects Steady Accumulation
Another update came from Cilinix (@cilinixcrypto), showing details about the Chainlink Reserve Overview. Data shows a gradual rise in the reserve size since August 2025, showing that accumulation has been consistent over time.The reserve now holds about 463,190 LINK tokens, worth $8.8 million, with an average purchase price of $22.44.
This reserve is built from Chainlink’s revenue across on-chain and off-chain activities.The steady growth suggests that LINK tokens are being held for the long term rather than traded quickly. This further supports the project’s plan to keep a strong foundation.
This careful buildup of reserves helps support stability within the Chainlink ecosystem and shows that the project continues to prepare for future developments.
Technical and On-Chain Data Support the Bullish Setup
Data from CryptoQuant shows a drop in exchange outflows,this means that fewer LINK tokens are being moved to exchanges. This shows reduced selling pressure and increase in holder confidence. The Exchange Supply Ratio (ESR) fell from 0.155 to 0.151,this shows demand is growing and the supply is tightening.
Technical indicators are turning positive,the Stochastic RSI recently bounced from oversold areas, indicating renewed buying pressure. If buying pressure continues to build, LINK could be preparing for a breakout as the broader market gains momentum.
