The analysis focuses on LINKUSD, currently showing downside pressure on the daily timeframe. A trend reversal confirmation is absent, indicating the market is in a downward spiral. The last bounce was a three-wave move up, making an upside impulse unlikely. A potential diagonal pattern might form. A support area is added for a last chance for bulls, but it looks bearish. The bounce here is viewed as a wave 4 potentially leading to a wave 5 down on the short-term chart. On the 1H timeframe, a micro support area between $12.23 and $13.15 is being watched for a wider wave four, but this is not an uptrend yet. Downward pressure expected. Watching the $12.23-$13.15 area for support, a wave C might start, but one more low is expected.