Chainlink Poised for DeFi Comeback as Long-Term Chart Signals Expansion
Analysts predict Chainlink (LINK) is consolidating for a major breakout, potentially leading a DeFi resurgence toward $30–$72 by 2026.Summary
Analysts woods.ai and James suggest that Chainlink (LINK) is positioned for a significant expansion as the Decentralized Finance (DeFi) sector shows signs of resurgence. The asset is consolidating above a crucial multi-year support zone near $15–$16, forming a base pattern that historically precedes major uptrends. James noted the monthly chart resembles a symmetrical triangle, suggesting accumulation is nearing completion before a directional breakout, with potential targets reaching $30 and even $72 by 2026, aligning with Fibonacci extensions.
Despite a recent 5.59% pullback to around $15.40, LINK maintains key support levels, with market capitalization near $10.7 billion. The technical setup, combined with its core role in oracle services and expanding utility via CCIP and real-world asset tokenization, reinforces its relevance as DeFi liquidity potentially returns. A sustained move above $25–$30 would confirm bullish continuation for the long term.
(Source：Brave New Coin)