This Chart Pattern Shows Chainlink (LINK) Is Getting Ready for a Massive Move

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.

Chainlink (LINK) has been struggling to break out of a crucial support zone, leading to a pessimistic outlook among some analysts.

If the bulls can manage to push LINK higher and clear the breakout region, then a continuation of the bull market could be in sight.

A Long-Term Cup and Handle Formation Could Signal Massive Breakout

According to the analyst on X, known as ELTITES, the LINK price recently retested a major trendline that has acted as resistance for several 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 envisages some ambitious price targets for LINK. 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.

The analyst also notes that the price action and volume behavior support the bullish narrative.

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.