Chainlink Could See Breakout From Six-Year Triangle If It Closes Above $26–$31, Targets $31, $50, $100

• Triangle breakout confirmation: two‑week close above $26.5–$31

• Major accumulation nodes at $6.5–$8 and $22 signal strong support and thin liquidity above $31

• Momentum and ascending structure support targets of $31, $50 and $100 if breakout holds

Chainlink breakout: LINK needs a two‑week close above $26.5–$31 to confirm targets of $31, $50 and $100 — monitor $22 as the main risk. Read analysis and trade levels now.

Chainlink nears the breakout zone of a six-year triangle, with $26–$31 as key confirmation and targets set at $31, $50, and $100.

• Chainlink’s six‑year symmetrical triangle shows persistent accumulation since 2019, with price now approaching resistance at the $26–$27 range.
• VRVP data reveals major accumulation at $6.5–$8 and $22, while thin liquidity above $31 signals room for rapid expansion.
• Breakout confirmation above $26.5–$31 sets trajectory toward $31, $50, and $100, supported by ascending structure and rising two‑week RSI momentum.

Chainlink (LINK) is approaching a decisive technical structure, with analysts pointing to a potential breakout from a six‑year symmetrical triangle. The price is pressing against long‑term resistance, raising anticipation of a larger directional move.

What is the Chainlink breakout setup?

Chainlink breakout refers to LINK closing above the triangle’s upper trendline with a two‑week candle close above the $26.5–$31 confirmation zone. That close would validate a measured move with primary targets at $31, $50 and $100 while defining $22 as the critical nearby support risk.

How does the six‑year symmetrical triangle signal a breakout?

The triangle shows a rising base meeting descending resistance since 2019, creating compression and energy buildup. Price currently sits near the upper trendline at roughly $26–$27, testing resistance without sharp rejection — a signal that buying pressure is mounting within the formation.

Volume Profile (VRVP) highlights thick accumulation nodes at $6.5–$8 and $22, demonstrating long‑term demand absorption. Above $31, liquidity thins, meaning a clean close beyond that level could allow swift price expansion toward higher targets.

What technical signals support a breakout?

The pattern is backed by a sequence of higher swing lows along the ascending base and recent two‑week RSI momentum that is rising from mid‑range rather than entering overbought territory. These elements increase the probability of an upward expansion if price breaches the upper trendline.

VRVP accumulation nodes act as cushions on pullbacks. The thin supply area above $31 reduces immediate overhead resistance and can make the initial phase of a breakout relatively rapid. Traders should watch for two‑week candle closes rather than intraday spikes to avoid false breakouts.

When are breakout targets valid and what are the risk levels?

Breakout targets become valid after a confirmed two‑week close above $26.5–$31. Measured targets are $31 (first pivot), $50 (multi‑year resistance top), and $100 (measured move projection of the triangle). On the downside, losing $22 after an attempted breakout increases the risk of returning to $15.5 or $11.5, prior long‑term support zones.

Frequently Asked Questions

How do I confirm a LINK breakout on the two‑week chart?

Confirm a breakout with a decisive two‑week candle close above the $26.5–$31 confirmation zone, accompanied by increasing volume and supportive two‑week RSI momentum. Avoid entries on intraday wick breaches to reduce false‑breakout risk.

What are the key support levels to monitor for Chainlink?

Key support levels include $22 (near a major VRVP node), $15.5, and $11.5. A sustained drop below $22 after failing to hold breakout levels raises the probability of deeper retracements to $15.5 or $11.5.

Who analyzed the six‑year triangle pattern?

Jonathan Carter is cited for highlighting the triangle and targets. This article reports his analysis as plain text and cross‑references on‑chain and charting observations without external links.

Key Takeaways

• Immediate confirmation: Two‑week close above $26.5–$31 validates breakout.
• Support and risk: $22 is the primary downside level; $15.5 and $11.5 are long‑term supports.
• Targets: $31, $50 and $100 are successive targets if momentum sustains.

Conclusion

Chainlink is at a critical juncture: a two‑week close above $26.5–$31 would confirm a breakout from a six‑year symmetrical triangle, opening measured targets of $31, $50 and $100. Traders should prioritize confirmation candles, volume, and VRVP support zones while monitoring $22 as the key risk level. COINOTAG will continue to monitor developments and update price levels as conditions evolve.