Chainlink could be ready to rally according to @CryptoELlTES. The LINK price is forming a powerful technical pattern that could signal the beginning of a massive breakout.
In a chart shared by the analyst, a long-term cup and handle formation appears to be playing out, and if this setup completes, the Chainlink price could be heading much higher.
What you'll learn 👉
LINK Price Structure Suggests Bottom Is In
Looking closely at the chart from @CryptooELITES, the LINK price recently retested a major trendline that has acted as resistance for years. The chart shows that LINK has now bounced off what is being called the “bottom” area around $12 to $14. The price is currently sitting just above $17, and this level looks like a key pivot point.
The curved pattern highlighted in the chart forms a classic cup shape, which often precedes strong bullish moves in technical analysis. If LINK can hold this support zone and begin to climb, the handle part of the pattern will complete, potentially kicking off the next major uptrend.
Chainlink Price Targets: $53, $100, Even $144?
The bullish scenario outlined by @CryptoELlTES points to some ambitious price targets for Chainlink. The first target is around $53, followed by a mid-range zone at $100. If momentum continues to build, the LINK price could even reach $144, which would represent roughly a 10X move from current levels.
These projections aren’t random. They are based on a combination of previous resistance zones, Fibonacci extensions, and the overall structure of the cup and handle formation. It’s also worth noting that market sentiment around Chainlink has been improving, especially as interest in decentralized oracles and real-world asset integration grows.
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While nothing in crypto is guaranteed, @CryptooELlTES believes the current structure is setting up for something big. The price action and volume behavior seem to support that claim.
For now, all eyes are on how Chainlink behaves around the breakout zone. If it can push through with strong volume, the move could validate the structure and start the journey toward those higher targets.
Keep an eye on the charts, and on the updates from @CryptooELlTES, because LINK could be one of the most interesting plays in the coming months.
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