$LINK 3W: Epic Falling Wedge Apex โ Oracle King Poised for 3x Breakout ๐๐ต
Chainlink's 3-week chart is at the explosive apex of a 4-year falling wedge, with upper resistance sloping from $52 ATH to ~$18, while the rising lower trendline (2020โ2025) has held every major dip. Price now ~$13.97 (down 1.2% today but up 2% WoW), kissing support after a flawless retestโtextbook setup for upward resolution.
Bullish explosion brewing:
โ Wedge compression with 75%+ historical upside bias
โ Multi-year trendline intact (5x defended)
โ Volume at cycle lowsโaccumulation confirmed
โ RSI at 38 (oversold reset like pre-2021 20x)
โ MACD bullish divergence on monthly histogram
Targets on breakout above $18โ$20:
โ $28โ$32 short-term (measured wedge projection)
โ $50โ$60 mid-2026 (2021 ATH retest + Fib)
โ $100+ full cycle oracle dominance
Bear case: Monthly close under $11 risks $8 test. But with CCIP adoption surging, LINK's primed to oracle the next leg up.
