Chainlink (LINKUSD) is undergoing a pullback, currently within a micro support area spanning $13.02 to $13.59. This phase is identified as a Wave 4 correction, with the 38.2% Fibonacci retracement at $13.27 serving as an ideal target for this pullback. A critical support level is established at $13.00; a breach below this point would likely lead to a retest of the December lows, approximately $11.73, and would necessitate a re-evaluation of the current bullish structure, potentially leading to a triangle pattern and extended sideways movement throughout January. The asset recently experienced a rally of around 21% from its December 18th low, encountering resistance near the $14.00 mark. Following the completion of this Wave 4 pullback, the analysis anticipates an upward move in a C-wave, with an ideal target set at $15.00, correlating with the 100% Fibonacci extension. Further potential upside targets for this C-wave extend to $15.75, $16.01, $16.60, and $17.30, based on higher Fibonacci extensions. A decisive break above the internal B-wave swing high at $14.05 would confirm the progression into a fifth wave, indicating that a local low has been established. Conversely, the overarching view suggests a high probability of another low before a sustained, significant upward rally commences. The rally observed from the November low is interpreted as a three-wave corrective movement. Investors interested in a broader, long-term perspective for Chainlink should refer to the previously released 2026 outlook video.