The analysis tracks a bullish scenario for Chainlink, supported by micro support levels and an upside target area. Chainlink's price increased due to reserve actions supporting the bullish thesis. Previous scenarios considered an e-wave pullback or a 1-2 setup. The current alignment favors a fourth-wave pullback with a potential move higher. Breaking above $25.12 could indicate a third wave. $23 is noted as a resistance level with a possible internal fifth wave target at approximately $23. A micro five-wave move could lead to $23. A pullback can be looked if a five waves are formed to the upside. Micro support zone ranges from $17.64 to $18.56. The $17.64 level is essential to hold, and $19.6 is a previous high. If the price breaks down from the current level before forming five waves, it could signify a three-wave price top forming a larger correction.