Chainlink To $100? Analyst Sees Bullish Surge On Horizon. Seriously, Just Wait!

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Well, well, well, if it isn’t our old friend, Chainlink, now making headlines once again. According to a rather astute analyst (Ali Martinez, if you must know), the coin could be gearing up for a massive breakout. But, as is often the case in the thrilling world of cryptocurrency, it all hinges on whether it can manage to break free from the clutches of a certain resistance barrier lurking in the depths of technical analysis. How very dramatic.

Chainlink Finds Itself in a Triangle – Because of Course It Does

In a post on the ever-vibrant X (formerly known as Twitter, for those still holding onto the past), Ali Martinez shared the following tidbit of insight: Chainlink might just be on the cusp of a bull rally. But not before it gets past the ‘upper line of a Triangle’. No, not the kind of triangle you’d encounter in geometry class. This one’s a little trickier, involving some rather narrow trading channels. But don’t worry, this isn’t some high-school math quiz, just some classic technical analysis nonsense.

For those of you who’ve never heard of such a thing (lucky you), a Triangle appears when an asset’s price decides to frolic between two converging trendlines. You know, like when you’re at a party, and there’s that one guy stuck between two other people who are fighting over the last slice of pizza. Classic. The upper trendline acts as the party pooper, aka resistance, while the lower one provides support, like the friend who says, “It’s fine, don’t worry about it.”

Now, triangles come in different flavours. If the upper line is as lazy as a Monday morning and just stays flat, you get an “Ascending Triangle.” Meanwhile, if the lower line is as determined as a bulldozer, you get a “Descending Triangle.” There’s also the mystical “Symmetrical Triangle,” where both lines come together in some sort of perfectly balanced duel, like two superheroes facing off at sunset. Who doesn’t love symmetry, right?

But guess what? Chainlink isn’t playing by the rules. Its current triangle (or ‘channel’ for the more serious folk) sits somewhere between an Ascending Triangle and a Symmetrical Triangle. A bit of a rebel, really. Just like the chart Martinez shared. Take a look at that beauty below, and try not to get too excited about all the possibilities that lie ahead.

Now, if you squint hard enough at the above graph (or perhaps don your finest pair of reading glasses), you’ll see that Chainlink has already attempted to break past the upper level of the triangle earlier this year. Spoiler alert: it failed. It’s been on a downward trajectory since, but hey, there’s always next time, right?

But the real magic happens as the coin slowly nears the end of this multi-year trading channel. As the saying goes, “The narrower the range, the more likely a breakout.” Basically, if this triangle shrinks any further, we might just be one retest away from watching Chainlink decide whether to soar to the heavens or crash to the ground in a flurry of despair. Fingers crossed for soaring, of course. 😊

If it breaks out above the Triangle, expect some bullish fireworks. If it crashes through the bottom? Well, don’t say I didn’t warn you. But don’t get too comfy just yet. The question remains: will Chainlink retest the upper level first, or will it dive down to the lower level, like a dramatic soap opera character facing their downfall?

And if the coin manages to break past that oh-so-daunting $25 resistance line? Martinez thinks the bull rally could take us all the way to $100. Yes, you read that right. $100. That’s not a typo. No, really. He’s referring to the elusive 1.272 Fibonacci Extension level, drawn from the ever-enigmatic Fibonacci series, a pattern that has baffled mathematicians for centuries. (But hey, who are we to question it?)

LINK Price – The Real Drama

At the time of this writing, Chainlink is floating around the $18 mark. Not quite the rocket fuel we’d hoped for, but hey, there’s always room for improvement. In fact, it’s down over 2% in the past week. What a cliffhanger. Keep your eyes peeled; the next twist could be just around the corner. 🧐

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2025-10-22 08:17