🧠 Overview:
The LINK/USDT chart is showcasing a high-conviction technical setup — a well-defined Descending Triangle that has been forming for over 6 months. This pattern often acts as a pressure-cooker scenario, building up momentum before a major breakout.
The triangle is composed of consistent lower highs pressing against a strong horizontal support zone at $12.5 – $13.2, which has been tested and held multiple times since February 2025.
Currently, the price is approaching the apex of the triangle, signaling that a breakout is likely imminent.
📐 Pattern Details – Descending Triangle:
🔻 Descending Resistance Line: Connecting lower highs since the January 2025 peak.
🟨 Flat Support Zone: The $12.5 – $13.2 level has served as a strong demand zone.
⏳ Apex Nearing: Price action is compressing, and breakout pressure is building.
📉 Decreasing Volume: Volume is drying up — a classic precursor to a breakout move.
✅ Bullish Scenario (Breakout):
If LINK breaks above the descending trendline and reclaims resistance around $14.00 – $15.44, the chart could ignite a strong upside move.
🚀 Bullish Targets:
1. $15.44 (first key resistance & breakout validation)
2. $17.44 (prior structure resistance)
3. $19.38 (swing high from Q1)
4. $26.58 (major resistance zone)
5. $28.00 – $29.35 (long-term upside target)
📌 Breakout Confirmation: Look for high volume and a successful retest of the breakout level to confirm bullish momentum.
❌ Bearish Scenario (Breakdown):
If LINK fails to hold the $12.5 – $13.2 support zone and breaks below it with strong volume, downside risks increase significantly.
⚠️ Bearish Targets:
$11.00 (minor support)
$9.50 (next demand zone)
$8.00 (macro support from 2023)
A breakdown from this triangle would invalidate the bullish setup and could trigger a broader bearish continuation.
🧩 Conclusion & Strategy:
📊 Pattern: Descending Triangle
🕰️ Formation Duration: 6+ months (strong reliability)
🟨 Critical Zone: $12.5 – $13.2 = Key Support
📍 Breakout Trigger: Above $15.4
🔍 Breakdown Trigger: Below $12.5
📌 Trading Ideas:
🔼 Long Position: Upon breakout above $15.4 with confirmation
🔽 Short Position: Upon breakdown below $12.5 with increased volume
📚 Bonus Insight:
Chainlink remains one of the most widely adopted oracle solutions in DeFi and enterprise blockchain. A technical breakout from a long-term consolidation like this could attract both retail and institutional capital.
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✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.