$LINK – Symmetrical Triangle Breakout Looming!


Chainlink has been consolidating within a symmetrical triangle pattern for the past several years, showing clear higher lows and lower highs, which indicates potential for a significant breakout.


📊 Key Observations:


Symmetrical Triangle: The price action has formed a symmetrical triangle between strong support and resistance, with both trendlines converging. This could indicate a breakout in either direction.


Support & Resistance: The key support line continues to hold the price at around $10.00, while resistance is near $22.10.


Target: A breakout above the upper trendline could propel $LINK towards new highs, with a potential price target well beyond $22.10. A breakout below the lower trendline could trigger a retracement.


📈 Outlook: Watch closely for a breakout from this consolidation zone. A bullish breakout could see $LINK push upwards towards $40.00, while a bearish break could lead to a retest of lower levels.


#LINK #Tether #Altcoin Season# #Bullish

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October 08, 2025 at 12:56 PM
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