Chainlink don break four-year symmetrical triangle, dey eye $350 rally
Chainlink don knack free from one four-year symmetrical triangle pattern. E first jump 8.7% go up to $20.90, e trigger Fibonacci extension targets for $31.87, $52.30 and $86.15 by early 2027. Momentum come sharp with 9% weekly breakout above the $24 descending trendline. The pattern measure move point to rally go $350, about 1,398% gain for 294 days. Volume analysis dey show say volume low when e dey pull back but e dey spike when e dey go up, meaning say dem dey accumulate. On-chain flows confirm say plenty net outflows during the buildup and inflows go down during the price rally. RSI stand near 65–70, almost reach overbought levels, while MACD don cross bullish with green bars wey dey get bigger. Seasonal strength from October to December fit align with this upswing. Traders suppose dey watch the key support for $21 and dey find volume-backed moves to confirm the breakout or warn say e fit reverse.
Bullish
Chainlink clear breakout pass long-term resistance plus low-volume pullbacks and high-volume rallies confirm say buyer dem sure about market. RSI dey near overbought area and bullish MACD crossover dey show say price fit still go up, while di pattern measured move dey predict big rally go $350. Short-term, traders fit expect momentum trades as price dey test new support levels, with $21 as important reference. Long-term, Fibonacci targets at $86.15 and continuous on-chain accumulation dey show strong bull cycle, especially as year-end seasonality dey historical. Overall, these factors support bullish view for LINK, but traders suppose dey watch volume and technical levels to avoid wahala of reversal.