How many times has the crypto market wondered if this is the cycle when Chainlink finally makes its big move? LINK price has teased breakouts before, yet the big run has always felt just out of reach.

LINK is currently trading near $27 after a breakout from a multi-year triangle pattern. Analysts like Ali (@ali_charts on X) are pointing to this moment as a potential turning point. If the breakout holds and LINK confirms with a retest, the road to higher prices could finally be open.

The reason the LINK price is in the spotlight comes down to technical strength. The chart shared by Ali shows a massive consolidation that has been building since 2021. The triangle pattern has kept LINK trapped for years, bouncing between highs and lows. Now, the latest surge has broken through the upper trendline.

Ali summed it up in a post: “Chainlink $LINK: One more retest before Valhalla!” That line captures the excitement. If LINK retests the breakout level and holds, the setup looks bullish.

Adding to this, sites like Investing.com are flashing strong buy signals across multiple indicators. On August 23, the daily chart indicators summary showed:

All four indicators align, and the overall summary reads “Strong Buy.” That type of alignment doesn’t happen often, which is why many believe LINK could be ready for a major move.

The chart shows LINK price coiling inside a symmetrical triangle for more than three years. Each rally has been capped by a descending trendline, while buyers have stepped in consistently at higher lows. That slow squeeze has finally reached a breaking point.

Now LINK sits above the $23 to $25 range, a level that previously acted as resistance. If this area flips into support, the triangle breakout becomes valid. From there, Fibonacci extensions suggest potential targets at $52, $98, and even beyond $100 if momentum carries.

In short, the technical verdict is simple. As long as LINK stays above the breakout line, the setup favors continuation to higher levels. A failed retest, however, could drag it back inside the triangle.

Speculation about a $100 LINK price has been around since the last bull run. The difference now is that technicals and fundamentals are aligning. The market is showing a clean breakout, indicators are calling a strong buy, and Chainlink’s importance in the crypto ecosystem has only grown.

Read Also: Hedera (HBAR) Short-Term Price Forecast for September

Does that guarantee a $100 LINK price this cycle? No one can say for sure. Crypto is unpredictable, and even the strongest patterns sometimes fail. Yet the ingredients are there, and that’s why many eyes are back on Chainlink today.

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The post Is This Finally the Move That Will Send Chainlink (LINK) to $100? appeared first on CaptainAltcoin.

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