The analysis on LINKUSDT identifies the current price action as potentially forming a low within a structural support zone between $11.50 and $12.00, derived from previous swing lows in November, December, and January. Two main Elliott Wave scenarios are presented. The first suggests a three-wave pullback forming wave D of a larger triangle, with an anticipated E-wave bounce targeting resistance between $12.79 (38.2% Fibonacci extension) and $13.83 (61.8% Fibonacci extension), specifically around $13.40-$13.50. This bullish bounce would be invalidated if price decisively breaks below the structural support, e.g., $11.40. The second, and currently favored, scenario posits a larger corrective C-wave that is incomplete, with the current price action being a 1-2 setup within this C-wave. This would lead to lower prices, targeting around $9.85 (wave 5 target). This bearish outlook is the speaker's primary focus unless a clear five-wave impulse to the upside materializes. The invalidation for this bearish scenario would be a decisive break above the previous high of an alternate wave iv around $14.20.