TL;DR
LINK broke above a long-term triangle, targeting $30, $53, and potentially $100.
Caliber and Grayscale boost LINK’s credibility with token purchases and ETF filings.
$24 resistance and $22 support levels guide traders; a breakout could trigger a strong upside move.
Breakout Pattern Sets Up Potential Move
Chainlink (LINK) is trading around $23 after a minor 24-hour decline of 1%. Over the last seven days, the price has remained flat. Despite the sideways movement, technical analysts are watching for a larger trend to form.
A weekly chart shared by analyst Ali Martinez shows a breakout from a symmetrical triangle that began in 2022. This breakout occurred just above the $21 level, which matches the 0.618 Fibonacci retracement zone.
Notably, the pattern suggests that the consolidation period may have ended. Key levels to watch include $31.57, $53.07, and $102.68. Pointing to the higher range as a potential target if strength continues, Martinez noted,
The next move for Chainlin
We współpracy z: https://cryptopotato.com/link-headed-for-100-heres-what-you-need-to-know/
