Chainlink Breaks Out of Six-Year Triangle, Price Poised for Significant Movement

Chainlink’s six-year symmetrical triangle is nearing a potential breakout, with price action testing key resistance at the $26-$27 range. Analysts point to expanding DeFi applications and increased institutional investment as driving factors behind this rise. This momentum has been fueled by the formation of strong accumulation nodes around $6.5-$8 and $22, while thin liquidity above $31 suggests potential for a rapid expansion in price.