Chainlink Triangle Setup Points to a Breakout Toward $100

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Chainlink (LINK) may be setting up for a massive breakout from a Chainlink triangle pattern that could eventually drive its price close to the $100 mark, according to cryptocurrency analyst Ali Martinez.

Weekly Chart Reveals Chainlink Triangle Pattern

In a recent post on X, market strategist Ali Martinez highlighted a Chainlink triangle formation that is present on the token price chart on a weekly basis. Technical analysis triangles denote periods of consolidation where an asset is found to move between two converging trendlines. 

The upper one usually acts as a resistance, and the lower one is a support. Subsequently, tops are frequently observed when retesting the upper line, whereas bottoms are frequently observed near the lower line.

A dip to $16 on Chainlink $LINK would be a gift. This triangle breakout setup targets $100! pic.twitter.com/s69oqbMniB

— Ali Charts (@alicharts) September 25, 2025

Chainlink Triangle Skewed Slightly Upward Pattern

There are also a number of different variations of triangles, such as ascending, descending and symmetrical, whose classification varies based upon the slopes of the corresponding trendlines. 

Rising triangles have a horizontal resistance line and an upward support line, whereas descending triangles have the opposite. The symmetrical formations, in turn, have the lines that slope in opposite directions and in almost equal measures.

Martinez proposed that Chainlink has been restricted to a Chainlink triangle over the past few years, but that the existing structure does not quite fit into any of the conventional categories. The chart provided by the analyst shows that the formation is slightly skewed upwards, which places it in between a symmetrical triangle and an ascending triangle.

Also read: Chainlink Price Prediction 30 Dollars in Sight or Another Fakeout

Chainlink Triangle Pattern Points To Opportunity

Chainlink had earlier this year re-tested the higher limit of this Chainlink triangle formation, but failed to break the limit, instead being rejected. The token has since been trading down, but Martinez suggests this pullback can still turn out to be constructive. 

Martinez observed that a possible fall to the $16 level would be a good entry point. This is at the price where the 0.5 Fibonacci retracement is found, which is an important level based on the Fibonacci sequence, and commonly applied in technical analysis to determine areas of possible reversals.

Also read: Chainlink Price Surge: Will LINK Reach $30 After 39% Weekly Gain?

Martinez Forecasts Breakout Toward Higher Levels

In order to determine these retracement points, the analyst plotted the multi-year high and the multi-year low of Chainlink as the 0 and 1 level, respectively. This range sees the emergence of the major middle at $16. The chart by Martinez also indicates a possibility where a recovery out of this range leads the asset to break out of the Chainlink triangle. 

Should such a move materialize, he argues, Chainlink would be aiming at the 1.272 Fibonacci extension level, which would be close to 100 dollars. It is still unclear whether such a Chainlink triangle breakout is going to be confirmed by the token. Chainlink is currently trading at around $20.25, down more than 17 percent in the last week.

Conclusion

Based on the latest research, Chainlink’s price trajectory hinges on whether it can sustain support near the $16 Fibonacci level and rebound. Long-term triangle breakout may drive LINK to the $100 level, however, the volatility of the market requires traders to be vigilant as they observe future technical indicators.

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Summary

Crypto analyst Ali Martinez suggests Chainlink (LINK) could be on track for a breakout targeting $100. He identifies a long term triangle pattern on the weekly chart, with the most important support being around the $16 fibonacci retracement level.

Martinez is of the view that the recovery out of this zone will lead to a recovery into the 1.272 extension level. LINK is currently trading at $20.25 and is down by 17 per cent over the last week, and traders await the next course of action.

Glossary of Key Terms

Chainlink (LINK): Decentralized oracle network connecting blockchains to real-world data.

Triangle Pattern: Price movement between two converging trendlines.

Ascending Triangle: Bullish pattern with rising support and flat resistance.

Descending Triangle: Bearish pattern with falling resistance and flat support.

Symmetrical Triangle: Neutral pattern with both lines sloping inward.

Resistance Level: Price ceiling where selling pressure increases.

Support Level: Price floor where buying pressure increases.

Fibonacci Retracement: Tool marking possible reversal points using Fibonacci ratios.

Fibonacci Extension: Tool projecting potential price targets after retracements.

Frequently Asked Questions about Chainlink Triangle

1: What is the Chainlink triangle?

A chart pattern where LINK trades between converging trendlines, hinting at a possible breakout.

2: Why is $16 important for LINK?

It matches the 0.5 Fibonacci retracement level, a key support zone.

3: What price could LINK reach?

Analyst Ali Martinez predicts a breakout target near $100.

4: What’s LINK’s current trend?

LINK trades around $20.25, down 17% in the last week.