- Chainlink trades near $17 as a breakout above $25 could target $53 and potentially $100.
- Whale wallets added 40M LINK in a year, showing steady accumulation amid market compression.
- Open interest rises while derivatives volume falls, signaling reduced speculation and firm holder activity.
Chainlink (LINK) continues to form a long-term symmetrical triangle pattern that has developed since 2022. From a technical perspective, the structure shows narrowing price movement between lower highs and higher lows. A break and close above $25 could trigger a bullish breakout, opening the path toward $53 or even $100. At the time of writing, LINK was trading at $17, showing resilience despite recent market consolidation and lower trading volumes.
Technical Overview and Price Structure
According to analysis prepared by Ali Charts, Chainlink’s price has been forming a symmetrical triangle expected to converge between 2025 and 2026. Prices have oscillated between $12.56 and $22.24, stabilizing near $18.81.
The chart structure reflects tightening movement, with the token trading closer to the midpoint of its long-term range. Fibonacci retracement shows that the major resistance is at $22.24 and $36.00 with major support at $12.56. The 0.618 Fibonacci level at $18.64 reflects the current trading range.
Analysts observe that a confirmed breakout above $25 could validate a long-term bullish extension, targeting $53 at the 1.618 Fibonacci level and potentially $93 at the 2.272 extension. According to More Crypto Online, recent corrective movements between $15 and $19 show alternating bullish and bearish patterns within the structure.
Accumulation Patterns and Market Dynamics
On-chain data from Santiment reported steady accumulation by large holders despite short-term weakness. Wallets holding 100,000–1,000,000 LINK have collectively added 40 million tokens over the past year, representing a 28% increase. This pattern indicates a continuing build up in the market compression.
CoinGlass data show that open interest rose by 1.17% to $655 million and derivatives volume dropped by 31.8%, which indicates that there was less speculative activity. According to data provided by Lookonchain, whale withdrawals on OKX and Kraken reduced the supply in circulation and contributed to accumulation.
Exchange flows show continued outflows through 2025, reflecting stronger holding behavior among long-term participants. In case LINK sustains support at or above $16.98 and breaks out at or above $25, the technical structure may affirm renewed bullish action. This can pave the way to the estimated $53 and $100 levels, aligning with long-term technical expansion goals.
