Like virtually cryptos, LINK is seeing a strong correction today. However, there's still one strong support area in play to keep LINK in a reasonably bullish state.
The dotted trend line is what's currently acting as an area to bounce. This trend line combined with the $20 support should act as a decent area of support of which LINK can jump upward.
However, with BTC looking exceptionally bearish in the near term, there's a decent chance that LINK will fall below this support area. In that case, I'm expecting a move towards the recent local lows, blue lines.