- Chainlink (LINK) is pressing against a major resistance after forming a three-and-a-half-year symmetrical triangle, signaling a potential breakout on the monthly chart.
- Analyst Clifton Fx predicts that a breakout could drive LINK’s price toward $100, based on measuring the triangle’s height and applying it from the breakout point.
- Although early bullish signs are showing, a confirmed breakout needs a strong monthly close above resistance, with heavy trading volume to truly kickstart the next big move.
Chainlink (LINK) — yeah, remember that one? — might finally be waking up after years of just… kinda chilling. A fresh analysis is now hinting that LINK’s price could be prepping for a huge breakout on the monthly chart, and if it plays out, it could be one of those long-haul, monster moves.
At the time of posting, LINK was trading around $13.94, already showing little sparks of strength as it pushed right up against a big resistance level.
Chainlink’s Squeeze: Clifton Fx Sees Big Potential Brewing
According to analyst Clifton Fx, who broke down the situation on X, the monthly chart for LINK/USDT has been cooking up a symmetrical triangle — and not just any little pattern either. This one’s been forming for over three and a half years.
A symmetrical triangle looks like two trendlines squeezing together — one sliding down from LINK’s all-time high near $53, and the other crawling up from its brutal bear market lows.
Now, triangles like these? They’re kinda famous for leading to explosive moves, especially when they break on a monthly timeframe. Clifton Fx pointed out that big structures like this don’t just break and fizzle out — they often kick off huge, lasting price swings.
Right now, LINK’s monthly candle is bumping right against that upper resistance. It’s like the pressure’s reaching a tipping point… and something’s gotta give, soon.
Could LINK Really Hit $100? Here’s the Case
So what happens if LINK finally punches through that ceiling?
Clifton Fx thinks a breakout could send Chainlink’s price all the way to around $100. And no, that number isn’t just pulled outta thin air. It’s based on a classic move: you measure the height of the triangle (about $5 to $53), then apply that distance from the breakout point. Math and vibes, basically.
In his post, Clifton Fx said:
“$LINK is getting ready for breakout in Monthly Timeframe… In case of upside breakout the next target area could be $100 📈.”
That comment kinda captures the buzz brewing inside the Chainlink community right now. Everyone’s got their eyes glued to the charts.
Still Early Signs, But the Pressure’s Definitely Building
As of now, LINK is holding its ground above key support levels and flashing some early bullish signals. But — and it’s a big but — the full breakout confirmation would need a solid monthly candle close above that stubborn resistance line, preferably backed by some serious volume.
Chainlink’s been stuck inside this tightening pattern since mid-2021, patiently (or frustratingly?) building pressure. All signs are pointing toward a big resolution coming up fast. If Clifton Fx’s predictions play out, LINK wouldn’t just retest its old highs — it could blast right into uncharted waters toward that $100 mark.
