Chainlink Approaches $15 Support Zone as Analysts Eye Major Breakout Toward $100 by 2026

Chainlink forms a long-term symmetrical triangle with key support near $15 signaling accumulation.

Breakout projections target $35 to $99 as LINK approaches the apex of its multi-year pattern.

Over 15M LINK withdrawn from exchanges and 62 new integrations indicate rising network demand.

Chainlink (LINK) continues to trade near $17.50, forming a symmetrical triangle pattern that has persisted since early 2022. A potential dip toward $15 could mark a key accumulation area before a larger breakout phase begins. Analysts maintain that the long-term structure remains constructive as momentum builds toward 2026.

Symmetrical Triangle Pattern and Long-Term Setup

According to analysis prepared by Ali Charts, Chainlink’s price structure has maintained a symmetrical triangle pattern between $6 and $23. The pattern displays higher lows and lower highs, which will create a narrowing price range that is usually followed by strong directional movement. The chart shows support around $15.16, which corresponds to the 0.5 Fibonacci level that serves as a historical buy zone.

Historical data shows that Chainlink has experienced sharp rallies after long consolidation phases. The breakout projection indicates possible upside targets at $35, $51, $73 and $99 once LINK goes beyond the upper limit of the triangle. The structure is expected to reach its apex in 2026, and continued accumulation near the $15 support zone could precede an extended rally.

Source: CryptoWZRD(X)

At present, LINK trades around $16.42 after a 6.60% decline, maintaining short-term support near $16.00. According to CryptoWZRD, “Holding below $16.90 on the intraday chart is bearish territory. Above, I’ll expect further upside momentum.” This technical setup reflects a tightening market range before an anticipated breakout.

Institutional Expansion and Strengthening Technical Indicators

Chainlink’s growth extends beyond technical structures as its integrations and partnerships expand across major financial networks. According to data from Chainlink Labs, 62 new integrations were completed between October 27 and November 2 across 24 blockchains

The collaboration with FTSE Russell to publish global indices on-chain through DataLink connects over $18 trillion in benchmarked assets with decentralized infrastructure. On-chain data from Santiment records over 15 million LINK withdrawn from exchanges in 30 days, suggesting increased holding activity

RSI value 44.27 and MACD histogram of 0.1114 is a cumulative momentum below resistance. If LINK retests the $15 level, it could offer a strategic entry zone before the projected breakout trajectory toward the $100 region.

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