if it break with potential 26.4 ~ 26.8. soon it will hit 32 ☠️

🚀 $LINK Update: Key Support Levels Tested – Will Bulls Step In?

🔹 Current Setup

$LINK is still holding above $22.31, the 78.6% retracement of the last rally.

As long as this level holds, the blue scenario remains the leading one.

The wave 2 low from August 2nd remains intact, and since then we’ve identified a 5-wave move up.

🔹 Blue vs. Yellow Scenario

Blue Scenario (leading):

The move up is part of a third wave.

Current pullback looks corrective, albeit a bit weaker than expected.

Yellow Scenario:

Would imply a larger 5-wave completion into last Wednesday’s swing high.

Could still lead to a deeper pullback, but there’s no evidence of topping yet.

🔹 Support Levels to Watch

The market has already tested the first support range. Here are the key zones:

$22.31 – $23.70 → Primary Fibonacci support cluster

$23.12 → 61.8% retracement + previous breakout point

$23.00 region → Previous swing high, now acting as support/resistance

🔹 What’s Next?

Current bounce from the intraday low is only a 3-wave move up → momentum remains weak.

No clear bullish reversal yet → one more low cannot be ruled out.

$23.00 remains critical → bulls need to step in here for the blue scenario to stay intact.