LINK Correction Deepens: Is $12.14 the Next Stop?

Chainlink (LINK) price continues its downward trend, with recent declines pushing the asset towards key support levels. After a 8.4% drop over the past week and a current trading price of around $14.20, LINK has fallen by 2% in the last 24 hours. This selling pressure pushes LINK toward significant support levels defined by Fibonacci retracement analysis. The next target could be the critical $13.30-$12.14 zone, which aligns with a five-wave pattern seen on the chart.