The post Chainlink (LINK) Price: Triangle Formation Suggests Possible Path to $100 Target appeared on BitcoinEthereumNews.com.

TLDR Chainlink (LINK) is currently trading around $21.77, challenging the $22.00 resistance level Analyst Ali Martinez identified a triangle pattern suggesting a potential $100 price target A drop to $16 support level could create a buying opportunity according to Martinez LINK faces a long-term diagonal resistance that has blocked upward movement since 2021 Strong trading volume of $839 million indicates active market interest despite recent price decline The price of Chainlink (LINK) has been experiencing turbulence in recent days, with the cryptocurrency currently hovering around $21.77 after dropping more than 17% over the past week. Technical analysts are watching a triangle pattern formation that could signal a major price movement in the coming months. Cryptocurrency analyst Ali Martinez recently highlighted a triangle setup forming in Chainlink’s weekly price chart. This pattern shows the asset trading between two converging trendlines, with the upper line acting as resistance and the lower one as support. A dip to $16 on Chainlink $LINK would be a gift. This triangle breakout setup targets $100! pic.twitter.com/s69oqbMniB — Ali (@ali_charts) September 25, 2025 Martinez noted that LINK tested the upper boundary earlier this year but found rejection. Despite the current downward movement, the analyst views a potential dip to $16 as a buying opportunity rather than a cause for concern. “A dip to $16 on Chainlink $LINK would be a gift,” Martinez stated, pointing to this level as the 0.5 Fibonacci retracement mark. The triangle pattern identified by Martinez doesn’t fit neatly into the typical categories of ascending, descending, or symmetrical triangles. Instead, it lies somewhere between a symmetrical and an ascending triangle, with an upward angle but not fully matching either classification. Key Support and Resistance Levels If Chainlink rebounds from the $16 support level, Martinez suggests the price could break out of the triangle formation.…

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Filed under: News - @ September 26, 2025 10:32 am