The analysis indicates that Chainlink (LINKUSD) is currently holding a crucial micro support zone, identified between $11.95 and $12.23, encompassing the 50%, 61.8%, and 78.6% Fibonacci retracement levels. This zone is considered a potential springboard for a bullish C-wave rally, following a three-wave corrective move down. The overarching Elliott Wave count suggests an A-wave up and a B-wave down, positioning the current price action for a subsequent C-wave advance. The projected target for this C-wave is at the 100% Fibonacci extension, specifically around $15.09. A formal invalidation point for this bullish setup is established at the swing low from December 18th, marked at approximately $11.40. While the short-term market structure suggests further nano-level lows are possible within the support range, a decisive break below $11.95 would indicate weakness. A sustained move above $12.50 is posited as an early signal for the bullish reversal.