The post Chainlink symmetrical triangle signals $16 retest before $100 target appeared on BitcoinEthereumNews.com.

Chainlink whale activity is drawing increased attention as the token trades within a narrowing range that has kept the market on edge. With the token consolidating for years, anticipation is mounting over whether the next decisive move will finally arrive. Buyers are closely watching critical support zones, convinced that one final dip could trigger a powerful shift in momentum. The mood across the market reflects both caution and optimism, with many seeing an explosive outcome ahead. Long-Term Symmetrical Triangle Signals Major Move A recent X post highlighted a multi-year symmetrical triangle pattern that has contained Chainlink’s price within converging boundaries. The setup points to a potential dip toward $16, a level viewed as the most crucial foundation for the bullish thesis. This zone represents the ascending support line of the triangle and has become a magnet for whale accumulation, signaling that large holders see it as a strategic entry point. Source: X From there, attention turns to the overhead barriers. The $25–$27 range is the first hurdle, and a strong breakout above it would open the door toward the macro pivot at $31. History shows this level has repeatedly capped rallies, making it a defining point for a broader trend reversal. If momentum carries the crypto coin through, the path toward its previous all-time high around $50–$52 comes sharply into focus. The long-term projection extends even further. By measuring the height of the symmetrical triangle, the structure suggests a possible trajectory toward $100 once the breakout fully develops. While this ambitious target may not materialize overnight, it reflects the magnitude of a move after years of consolidation.. Short-Term Market Performance In addition, BraveNewCoin data added further context to Chainlink’s current positioning. As of September 6, 2025, the token is priced at $22.29, reflecting a slight 24-hour decline of 0.23%. The…

---

Filed under: News - @ September 7, 2025 12:28 am