Chainlink (LINK) is consolidating around $21.89 inside a multi‑year symmetrical triangle, with analysts flagging $16 as critical support and a potential entry point.

Price action shows resistance near $22; a sustained rebound above that level could resume an upside path toward longer‑term Fibonacci targets if the triangle structure holds into 2026.

Key Fibonacci support levels sit at $16.65 (0.5) and $12.65 (0.382).

Projected extensions from the triangle put intermediate targets near $35, while the longer‑term extension points toward the $100 zone.

Traders watching LINK should monitor strength around $16–$17 for buying interest and a clean break and close above $22 for confirmation of a bullish continuation from the pattern.

Risk management and clear validation of breakout or breakdown will be essential for participants eyeing larger moves later this cycle.