A new analysis from popular chartist ZAYK Charts suggests that Chainlink (LINK) may be gearing up for a powerful price surge. According to the analyst’s chart, LINK has just broken out of a long-term descending triangle pattern that has been forming since late 2023. This breakout, visible on the daily chart, could open the door for a major rally.
At the time of writing, the LINK price is hovering around $17 after confirming the breakout above the downtrend line. ZAYK Charts highlights a potential upside target of $27, which represents a 63% move from the breakout level. The green box on the chart marks this projected range, pointing to strong bullish momentum building up after months of consolidation.
Charts Says the Surge Has Already Started
ZAYK Charts posted the setup on X with a clear message: “$LINK is setting up for a powerful surge — don’t miss it.” The technical pattern suggests renewed investor confidence as the price pushes above key resistance levels. If the momentum holds and LINK continues to attract buyers, the Chainlink price could soon test the $25 to $27 range, setting a new tone for the rest of the market cycle.
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With this setup, the LINK price is now in focus for traders who follow breakout structures. As always, time will tell how far this move can go, but for now, ZAYK Charts is signaling a bullish shift for Chainlink.
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