The analysis focuses on LINK/USD, assessing a corrective pullback and potential outlook. Currently, the market exhibits a sell-off, aligning with stock market trends, particularly Nasdaq and tech stocks. LINK is holding its upper support area around $23.64. Key support to watch is $22.31. Should this level break, it opens the door for a deeper pullback to the $13 - $18 range, in the yellow scenario. Two bullish scenarios are tracked, but as long as the support level of $22.31 holds, the blue scenario remains valid. As long as the $23.00 mark holds, LINK could receive additional support. To suggest a wave two bottom has occurred, $25 must be broken, to indicate that the bulls are attempting a comeback. The C wave up should be a five-wave move that takes the price to $31.00. The move down appears as an ABC flat structure.