The crypto market has been in a high volatility rate in recent times. Prices are up one day and down the next, which could leave many traders unsure what to expect. In the middle of all this chaos, Chainlink is holding a strong setup that could lead to something big.
A crypto analyst Ali on X believes LINK is in a strong buy zone and may be preparing for a major move toward $100.
LINK took a hit not long ago dropping over 30% on Saturday. Traders could believe it could continue to decline but it went back up again after a few days by over 30%
Since 2022, LINK price has been moving inside a symmetrical triangle. Each time the price touches the lower trendline, buyers step in fast.That pattern shows confidence: people are still accumulating LINK instead of giving up. This long sideways move often builds strength, like a spring waiting to pop.
Ali notes that LINK is still in an accumulation phase. As long as it stays above the rising support line, the bullish structure remains solid.
Why a Breakout Could Be Close for LINK Price
The triangle pattern is tightening. Prices are squeezing between support and resistance, which usually ends in a big breakout.
If LINK breaks above the upper line, targets between $45 and $100 come into play. These numbers match areas where heavy trading happened before key zones where traders often react.
Ali believes once confidence returns to the market, LINK could be one of the first altcoins to lead the rally.
His chart shows a possible breakout toward $45, a short pullback, and then a bigger move toward higher levels like $68 or even $100.
Chainlink’s Strength Runs Deep
Chainlink makes use of the Oracle blockchain which connects real-world data to smart contracts. This technology powers many decentralized apps and plays a key role in the blockchain world. Even with price ups and downs, the project keeps growing. Its steady progress shows why many believe LINK is built to last.
The market may be rough right now, but LINK’s long-term structure looks solid. The chart shows a strong setup that could lead to a major rally. For now, the key level to watch is the upper boundary of the triangle. If LINK price breaks above it, we could see a run toward $45, $68, or even $100.