LINK Price Fails to Rally on LG CNS Deal, $11.70 in Focus

The LINK price is holding a support zone where its broken neckline meets a deep Fibonacci level. A death cross on the 4-hour chart keeps the short-term trend tilted toward sellers. Chainlink signed a strategic partnership with LG CNS, the lead contractor behind the Bank of Korea’s Project Hangang. The deal carries no disclosed value or launch date, so its effect on LINK demand remains unproven. Chainlink (LINK) is trading near $12.11 on the 4-hour chart on Friday, sitting on a support zone between $11.70 and $11.72 that has stopped two separate selloffs this week.

Source: Crypto News Flash