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Chainlink (LINK) Price Analysis: Fourth Wave Formation
The current price action in LINK suggests that the ongoing wave (4) correction pattern may still be in development phase. From a technical standpoint, traders should remain vigilant as the $13 level represents a critical support zone. Should the price drop below this threshold, it would significantly challenge the near-term bullish narrative and potentially trigger further downside momentum. Monitoring this level closely is essential for managing short-term positions and trade entries.