Chainlink (LINK) could be on the verge of an explosive move after years of quiet consolidation on its monthly chart. A new analysis suggests that the LINK price might be preparing for a massive breakout on the monthly timeframe. The pattern often leads to significant, long-term moves.
At the time of the post, the LINK price was trading around $13.94, showing early signs of strength as it presses against a key resistance level.
Chainlink Price Squeezing Toward Breakout: Clifton Fx Points to Huge Potential
According to Clifton Fx, who shared his detailed analysis on X, the monthly chart of Chainlink (LINK/USDT) reveals a symmetrical triangle that has been developing for over three and a half years. This formation is made up of two converging trendlines: one descending from LINK’s all-time high around $53 and one ascending from its bear market lows.
This type of pattern, called a symmetrical triangle, often indicates a major breakout is on the horizon. Because it’s forming on the monthly timeframe, the stakes are even higher. Clifton Fx emphasizes that when such structures break on this large of a scale, they tend to trigger powerful, long-lasting price movements.
In the case of LINK, the price has been trapped inside this narrowing range since mid-2021. Now, the latest monthly candle is pressing right against the upper resistance trendline, hinting that a decision point is coming very soon.
$100 Target in Sight for LINK Price: Can Chainlink Deliver?
Clifton Fx projects that if Chainlink successfully breaks above the triangle resistance, the upside target could land around $100. This target isn’t random> It’s calculated by measuring the height of the triangle from base to top and applying that distance to the breakout point. Given that the base ranges from about $5 to $53, a breakout could realistically carry LINK close to triple digits.
In his post, Clifton Fx stated, “$LINK is getting ready for breakout in Monthly Timeframe… In case of upside breakout the next target area could be $100 📈.” His sentiment captures the growing excitement within the Chainlink community as the LINK price approaches a potential turning point.
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At the time of the post, LINK is holding above critical support and showing early bullish signals, though a full confirmation would require a strong monthly candle close above the resistance trendline, ideally backed by heavy trading volume.
The Chainlink price has been building pressure for years inside this macro pattern, and all signs now point to an imminent resolution. If the breakout happens as Clifton Fx outlines, LINK could not only revisit its old highs but also enter uncharted territory toward the $100 level.
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