Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Chainlink's $16 Level Under Scrutiny, Potential Pathway to $100 Target

Chainlink's $16 Level Under Scrutiny, Potential Pathway to $100 Target

Bitget-RWA2025/09/27 03:28
By:Coin World

- Technical analysts highlight Chainlink's (LINK) symmetrical triangle pattern, with $16 as critical support and a $100 price target if the breakout confirms. - Institutional adoption, including Grayscale's ETF filing and Caliber's treasury allocation, strengthens bullish sentiment for the oracle network. - Whale accumulation of 2.08M LINK ($49.5M) and Fibonacci retracement levels reinforce the case for a sustained upward move. - Risks persist with bearish momentum indicators (MACD, RSI) and potential decl

Chainlink's $16 Level Under Scrutiny, Potential Pathway to $100 Target image 0

Chainlink (LINK) has become a focal point for technical analysts as a multi-year symmetrical triangle pattern emerges, hinting at the possibility of a significant price shift. The digital asset is currently valued at around $21.77, reflecting a drop of more than 17% over the last week, yet it still boasts a market cap near $14.48 billion and a 24-hour trading volume of $839 million Chainlink (LINK) Price: Triangle Formation Suggests Possible Path … [ 1 ]. Analyst Ali Martinez, referencing weekly charts, pointed out a consolidation phase marked by converging trendlines, blending both ascending and symmetrical triangle features. This setup indicates a likely breakout, with $16 serving as a crucial support level that could determine the next upward move Chainlink (LINK) Price: Triangle Formation Suggests Possible Path … [ 1 ] Chainlink Triangle Formation Signals Potential Rally Toward [ 8 ].

Martinez highlights the 0.5 Fibonacci retracement at $16 as a pivotal area where a rebound could spark a breakout from the triangle. If

holds above this threshold, the pattern suggests a potential rally toward the 1.272 Fibonacci extension, which is close to $100 Chainlink (LINK) Price: Triangle Formation Suggests Possible Path … [ 1 ] Chainlink Technical Pattern Points to $100 Price Target ... - BTCC [ 3 ]. The analyst considers a pullback to $16 as a “buy zone,” noting that this level has historically marked reversals during past corrections. On the resistance side, $22.00 is the immediate barrier; a rejection here could send prices back to $20.00, while a successful breakout may pave the way to $26.00 Chainlink (LINK) Price: Triangle Formation Suggests Possible Path … [ 1 ] Chainlink Triangle Formation Signals Potential Rally Toward [ 8 ].

For the long term, LINK’s technical prospects are limited by a diagonal resistance line that has persisted since its 2021 high. This trendline has repeatedly halted upward momentum, making a clear breakout especially important. Analysts have identified $14, $17, $21, and $25 as key support zones, with $31 as a major target if bullish sentiment returns Chainlink (LINK) Price: Triangle Formation Suggests Possible Path … [ 1 ] Chainlink Triangle Formation Signals Potential Rally Toward [ 8 ]. MarketMaestro noted that a monthly close above this red diagonal resistance could shift market sentiment and potentially initiate a new upward trend Chainlink (LINK) Price: Triangle Formation Suggests Possible Path … [ 1 ].

Recent institutional moves have further strengthened the bullish case for LINK. Grayscale’s application for a

ETF highlights increasing mainstream interest, as the product would offer institutional investors a regulated way to gain exposure. Additionally, Caliber, listed on Nasdaq, adopted LINK as a primary treasury reserve asset, resulting in a 2,267% jump in its stock price and demonstrating confidence in Chainlink’s infrastructure Chainlink Price Eyes $100 Target As LINK Bull Flag Pattern Nears ... [ 2 ]. Data from Nansen also reveals that large holders have accumulated 2.08 million LINK tokens over the past 180 days, worth $49.5 million Chainlink Price Eyes $100 Target As LINK Bull Flag Pattern Nears ... [ 2 ].

Despite the positive technical and fundamental signals, risks persist. If LINK fails to remain above $16, the price could fall further to the $14–$17 range, testing the lower boundary of the triangle. Short-term indicators like the MACD and RSI currently favor the bears, with the RSI at 46.75, suggesting ongoing downward momentum Chainlink symmetrical triangle signals $16 retest before $100 target [ 5 ]. Analysts warn that broader economic volatility and liquidity conditions could determine whether any breakout leads to a sustained rally or just a brief spike.

Chainlink’s standing in the wider crypto market underscores its potential for outperformance. As the 13th-largest cryptocurrency by market cap, LINK’s current technical setup reflects years of consolidation, and the $100 target would represent a 320% increase from current prices. Achieving this goal depends on maintaining critical support levels and continued institutional interest, but the alignment of technical patterns and real-world adoption could set the stage for a significant move if a breakout is confirmed.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

MITO rises 6.2% during ongoing fluctuations in a prolonged downward trend

- MITO surged 6.2% in 24 hours to $0.1598 but fell 2315.39% in seven days, 3008.24% in a month, and 2691.44% in a year. - Analysts note the gain remains within a broader downtrend, with technical indicators like RSI below 30 and MACD in negative territory reinforcing bearish bias. - A mean-reversion strategy using RSI crossovers and a 10% trailing stop-loss is proposed to capture rebounds in volatile conditions.

Bitget-RWA2025/09/27 05:44
MITO rises 6.2% during ongoing fluctuations in a prolonged downward trend

ZKC Rises 5.39% as Market Fluctuates and Strategies Evolve

- ZKC surged 5.39% in 24 hours to $0.5542 amid prolonged declines, sparking renewed trading interest. - Strategic shift to decentralized infrastructure, cross-chain interoperability, and reduced token inflation aims to stabilize long-term value. - Technical indicators show potential reversal patterns, including a double-bottom formation and RSI divergence, signaling waning downward momentum. - New roadmap includes zero-knowledge bridges and staking incentives, with phased implementation to rebuild investor

Bitget-RWA2025/09/27 05:44
ZKC Rises 5.39% as Market Fluctuates and Strategies Evolve

Pepeto’s $6.8M Presale Surges as Ethereum Faces $1.8B in Liquidations

- Pepeto's $6.8M presale highlights Ethereum's $1.8B liquidations and volatile market conditions. - The project combines meme culture with zero-fee trading and 225% APY staking to attract investors. - Ethereum's pullback drives capital to early-stage projects like Pepeto, which targets tier-one listings. - Infrastructure audits and transparent team boost confidence in its 420 trillion-token ecosystem. - Analysts compare Pepeto to Dogecoin, but its utility-focused model aims for 2025 differentiation.

Bitget-RWA2025/09/27 05:32
Pepeto’s $6.8M Presale Surges as Ethereum Faces $1.8B in Liquidations

LYS Labs: Powering Solana’s Financial Market Infrastructure

- LYS Labs, a Solana-focused Web3 data infrastructure firm, announced strategic advancements including its low-latency LYS Flash trading product. - The company partnered with QuickNode to deliver 14ms Solana data and integrated Chainlink for tamper-proof pricing, enhancing DeFi execution speed. - LYS Flash enables sub-36ms transaction execution by abstracting DEX complexities, addressing MEV risks and optimizing priority fees for high-frequency trading. - With 620+ active users and 16B+ processed events, L

Bitget-RWA2025/09/27 05:18
LYS Labs: Powering Solana’s Financial Market Infrastructure