- Chainlink is trading around $17.80 following a 5% fall, where it is trading in a long-term symmetrical triangle pattern.
- A breakout above $25 could trigger targets near $36, $52, and $100 based on Fibonacci extension levels.
- Derivative metrics show that traders remain net long with positive sentiment in the face of recent weakness and moderate liquidations.
Chainlink’s price action remains ranging tighter within a multi-year framework as the token continues to trade near $17.80. The asset’s present technical configuration points towards compressed volatility and ongoing accumulation, setting up for possible long-term breakout trading.
Multi-Year Structure and Potential Breakout
Chainlink price action illustrates a long consolidation phase in the form of a symmetrical triangle pattern on the macro chart. The token has ranged from $5 to $24 since early 2022, making higher lows consistently while encountering resistance in the vicinity of the $25 region. Each test to the upside has been met with selling pressure, maintaining the upper boundary’s dominance and limiting price expansion.
A tweet posted by @ali_charts stated the next break above $25 can potentially spark an enormous rally to $100. The projection aligns with Fibonacci-based technical analysis stating a confirmed breakout can spark sequential upside targets around $36, $52, and $100. The 0.618 retracement around $36 often acts as midpoint resistance, while the 1.272 extension aligns with the $100 mark — representing the measured move potential of the entire
Currently, Chainlink trades within the higher range of its long-term structure near $18, showing a coiled setup ready for volatility expansion. Maintaining higher lows above $15 remains critical for preserving this bullish structure. A close below $13, however, could delay the breakout attempt and return the token toward the lower trendline before another build-up phase.
Current Price Action and Market Context
Chainlink’s 24-hour chart on CoinGecko reveals a short-term decline of 5.39%, with price hovering around $17.80. The retracement followed a local top of $19.14 on October 20, 2025, that was backed by a trading volume of approximately $1.15 billion.This volume surge near the high suggests active profit-taking and short-term distribution before the recent pullback.
Despite this correction, the market’s structural integrity remains intact. Chainlink’s market capitalization stands at approximately $12.47 billion, ranking it among the top 20 digital assets. Its circulating supply of nearly 696.8 million tokens — around 70% of total supply — reduces dilution risks and enhances liquidity reliability. The fully diluted valuation of $17.89 billion complements a mature supply profile rarely seen among mid-cap altcoins.
The more than $1 billion 24-hour turnover confirms sustained activity in the face of bearishness. Resistance at $18.75 to $19.00 remains an intraday lid, with a holding range of $17.50 to $17.70 providing local support to demand. Should this base persist, it could enable short-term recovery attempts targeting a reclaim of the $18.50–$19.00 range.
Trader Positioning and Market Outlook
Derivative data from CoinGlass shows a prevailing long bias among traders across major exchanges. On Binance, the LINK/USDT Long/Short Ratio (accounts) registers at 2.2626, while top traders hold a slightly stronger ratio near 2.0812. OKX reflects a similar trend with a ratio of 1.53, revealing that optimistic sentiment remains intact despite the recent price retracement.
Liquidation levels remain moderate at $793 on the one-hour chart and $59,040 over four hours. These kinds of figures mean that although volatility due to leverage persists, forced liquidations have not yet risen to the kind of levels that would trigger global capitulation. Controlled liquidations are usually observed in temporary corrections within larger consolidations and not structural turns.
Broader out, Chainlink remains firm in its multi-year triangle formation. The contraction leading up to its peak would suggest that volatility expansion is about to occur. A solid breakout above $25 should be seen as the beginning of a new macro phase, reversing market sentiment from accumulation to expansion and would likely validate Fibonacci-based estimates of the upside.
