The analysis focuses on Chainlink (LINKUSD) within a 1-hour timeframe, employing Elliott Wave theory and Fibonacci retracement/extension levels. The market is currently reacting to a micro support area spanning $12.85 to $13.43. Maintaining price above $12.85 is critical for the continuation of the anticipated fifth wave. A decisive break below $12.85 would negate the current Wave 4 interpretation and diminish the probability of further upside movement. The long-term C-wave initiated around December 18th is still being tracked as an ending diagonal pattern. The current price action is viewed as a corrective pullback within this structure, likely forming Wave 4. The ideal target for the C-wave is identified at the 100% Fibonacci extension level, equating to $15.08. Should the price breach this micro support, subsequent support levels at approximately $12.00, $11.70, and $11.34 are identified, which could prompt short-term buyer intervention. A observed three-wave decline suggests the corrective nature of the current movement. A bounce from the 38.2% retracement at $13.43 is considered an ideal completion for the fourth wave. The first strong indication of the fifth wave's unfolding and a potential move towards $15.08 would be a breakout above $14.20.