Chainlink Price Prediction: LINK Nears a Major Triangle Break Point

Chainlink has struggled in a rather frustrating range over the course of the past few days. Every time the LINK price attempts to rise, it seems to reverse course back into the same range.

The only significant action LINK saw after a decent move earlier in the cycle was grinding sideways for the most part over the last year or so, leaving traders on the edge of their seats waiting for a decisive break. Now things are starting to get more interesting. 

Volatility is tightening, price is getting squeezed into a major technical structure, and the chart is reaching a point where it won’t be able to stay stuck much longer. 

The LINK symmetrical triangle is tightening up

On the two-week chart, the LINK price has been trading inside a large symmetrical triangle for a long time. You can see lower highs pressing down from above, and higher lows pushing up from below. It’s basically a slow squeeze, where the range keeps getting smaller until price finally makes a decisive move.

Right now, Chainlink is sitting near the lower boundary of that triangle, close to the apex where the pattern reaches its breaking point. Analyst Jonathan Carter sees this as a critical area, because a bounce here would keep the structure intact and could kick off the next recovery leg.

The chart also makes the support zone very clear. The LINK price has repeatedly held the $7–$8 region, and price is pressing into that floor again now. This is the area where buyers need to step in if the triangle setup is going to work.

At the same time, the descending trendline above has capped every major rally for months. That is the reason why LINK has not gained any momentum. The price has largely been churning in a holding pattern between its support and resistance levels. The longer it takes, the bigger the run is probably going to be.

Targets for LINK if the bounce holds

Carter outlines several upside targets if the LINK price confirms a rebound from triangle support. The first level is $11.50, which would be a strong reclaim and a sign that buyers are back in control.

Above that, $22 becomes the next major zone, followed by $34, which lines up with previous cycle highs inside the structure. The final target near $48 sits at the upper resistance zone on the chart, and reaching it would mean Chainlink has fully broken out into a new trend.

According to CoinCodex’s 1-month LINK price prediction, the token’s price could drift toward $9.59 in the near term. That would place Chainlink back into the middle of its current range, which would be a meaningful recovery step.

LINK price outlook from here

At this point, the LINK price is sitting right at a crossroads. The triangle apex is close, support is being tested, and there isn’t much room left for sideways action. If buyers defend this lower boundary, Chainlink could be setting up for its next major move higher. 

But if support cracks, the triangle breaks down and opens the door for deeper weakness.

Either way, this kind of compression doesn’t last forever. The LINK price is approaching a decision point, and the next move could define the next phase of the trend.