Chainlink ($LINK) Forms Symmetrical Triangle Pattern Amidst Potential Breakout Opportunities

Market Structure: Chainlink ($LINK) is forming a long-term symmetrical triangle, indicating a potential breakout after a period of consolidation, with current trading at $26.13.

Resistance and Targets: Analysts identify the $34–$36 range as the first major resistance level, with further targets extending to $52, $72, and $96 if the breakout occurs.

Support Levels: Strong support exists between $15–$18, which has been tested multiple times, suggesting a bullish outlook as buyers are likely to enter during price pullbacks.

Breakout Implications: A confirmed breakout from the three-year triangle could attract significant participation from both retail and institutional investors, minimizing downside risks for long-term holders.