🚀 Chainlink (LINK) Could 17x From Here – $100 Chart Setup Explained
LINK is quietly building strength around $8, largely ignored while traders chase louder narratives. But analyst Crypto Patel sees a major long-term accumulation zone ready for a breakout.
Key Technical Points:
Order Block: $5.60 – $7.64, historically strong buying zone
Fibonacci Support: 0.786 at $7.22, ideal entry for trend reversal
Descending Channel: LINK broke out of its 2021 downtrend and is now retesting — classic breakout-and-retest setup
ETF & Institutional Catalysts:
Spot ETF launches could be near, with ~$70M already allocated
LINK remains critical to DeFi infrastructure, making it a potential institutional play
Price Levels to Watch:
Support: $5 (weekly close below $4.84 invalidates setup)
Upside Targets: $12 → $31 → $52 → $100+ (17x potential)
Bottom Line: LINK isn’t a hype token. It’s quietly forming a base, and if this thesis holds, it could be one of the most overlooked positions of this cycle.
