The post Is $12.14 the Next Stop? appeared on BitcoinEthereumNews.com. Key Insights: LINK remains in a bearish wave (Z), targeting the $13.30–$12.14 Fibonacci support zone. Daily momentum indicators show weakness, with RSI near 35 and no MACD crossover in sight. Price action stays under trendline resistance, with $16 capped and lower support levels being tested. LINK Correction Deepens: Is $12.14 the Next Stop? Chainlink (LINK) remains under selling pressure as the price continues to drift lower. At the time of writing, LINK was trading around $14.20, reflecting a 2% drop in the past 24 hours and an 8.4% decline over the last seven days. Price action continues to respect the broader downtrend, with no clear signs of strength from buyers. LINK has not recovered key resistance levels and remains within a downward pattern. Traders are closely monitoring the next support zone, with attention now shifting to the $13.30 to $12.14 range. Market Structure Shows Ongoing Correction LINK appears to be moving through wave (Z) of a larger corrective structure. The recent chart data supports this view, showing a five-wave movement forming inside wave (Z). The price continues to follow a descending path, in line with this ongoing pattern. More Crypto Online noted,  “It is still expected that the $13.30 – $12.14 area will be tested next.” Source: More Crypto Online/X  This range is also backed by Fibonacci levels, where 78.6% sits near $13.35 and 88.7% aligns with $12.14. These levels are now seen as the next possible areas of interest if the move extends further to the downside. Daily Chart Remains Weak Below Resistance On the daily timeframe, LINK closed with another red candle. The asset is still below $15 and continues to face pressure under the trendline that started from the September peak. Resistance remains near $16. Support below lies between $13.30 and $12.50, followed by deeper levels if… The post Is $12.14 the Next Stop? appeared on BitcoinEthereumNews.com. Key Insights: LINK remains in a bearish wave (Z), targeting the $13.30–$12.14 Fibonacci support zone. Daily momentum indicators show weakness, with RSI near 35 and no MACD crossover in sight. Price action stays under trendline resistance, with $16 capped and lower support levels being tested. LINK Correction Deepens: Is $12.14 the Next Stop? Chainlink (LINK) remains under selling pressure as the price continues to drift lower. At the time of writing, LINK was trading around $14.20, reflecting a 2% drop in the past 24 hours and an 8.4% decline over the last seven days. Price action continues to respect the broader downtrend, with no clear signs of strength from buyers. LINK has not recovered key resistance levels and remains within a downward pattern. Traders are closely monitoring the next support zone, with attention now shifting to the $13.30 to $12.14 range. Market Structure Shows Ongoing Correction LINK appears to be moving through wave (Z) of a larger corrective structure. The recent chart data supports this view, showing a five-wave movement forming inside wave (Z). The price continues to follow a descending path, in line with this ongoing pattern. More Crypto Online noted,  “It is still expected that the $13.30 – $12.14 area will be tested next.” Source: More Crypto Online/X  This range is also backed by Fibonacci levels, where 78.6% sits near $13.35 and 88.7% aligns with $12.14. These levels are now seen as the next possible areas of interest if the move extends further to the downside. Daily Chart Remains Weak Below Resistance On the daily timeframe, LINK closed with another red candle. The asset is still below $15 and continues to face pressure under the trendline that started from the September peak. Resistance remains near $16. Support below lies between $13.30 and $12.50, followed by deeper levels if…