The analysis focuses on LINK's price action, noting its current position within a previously identified micro support zone. This juncture is presented as a crucial opportunity for potential bullish engagement to initiate an upward movement, specifically targeting a smaller third wave within the broader Elliott Wave structure. Should this materialize into a five-wave impulse, it is anticipated to form a C-wave as part of a larger Wave 4 correction. The technical invalidation point for this projected bullish scenario is precisely defined by the swing low from December 18th, with a critical Fibonacci retracement level at 11.95 acting as a strong precursor indicator. A decisive breach below this 11.95 threshold would signal that the current B-wave phase might extend further downwards, thereby nullifying the immediate bullish reversal outlook and necessitating a re-evaluation of the market structure.