Chainlink (LINK) faces selling pressure as its price retests a key support level, with a potential recovery depending on buyers defending the area. Meanwhile, its partnership with LG CNS aims to strengthen South Korea’s digital asset infrastructure through cross-chain connectivity, data services, and solutions designed to support institutional adoption.
As of now, according to CoinMarketCap data, Chainlink is trading at $11.58, down 3.49% over the past 24 hours and 3.74% over the past week.
Chainlink Price Eyes $13 as LINK Retests $10.79 Support
Crypto analyst Giannis Andreou notes that Chainlink is approaching the $10.79 level, where its previous May high could now act as support. Holding above this level or quickly reclaiming it after a brief dip would strengthen the bullish outlook and open the way for a recovery toward the $12.80–$13.00 resistance zone.
A sustained move above $13, followed by the formation of a higher low, could indicate improving buying pressure. If this structure develops, LINK could target its previous highs between $15 and $15.80, potentially setting the stage for another upward move.
However, a break below $10.79 could expose LINK to further downside toward the $10.00 support level. A daily close below $10, followed by an unsuccessful recovery, would weaken the bullish setup and suggest that buyers are struggling to defend key price levels.
Chainlink Partners With LG CNS to Advance South Korea’s Digital Asset Market
Chainlink announced a strategic partnership with LG CNS, the technology arm of South Korea’s LG Group, to advance the country’s $68 billion digital asset market. The collaboration aims to strengthen blockchain infrastructure for institutions and support the development of digital asset solutions.
Under the agreement, LG CNS will enhance its digital asset platform using Chainlink’s cross-chain connectivity, data services, and orchestration technology. The companies will also develop solutions for Korean institutions and work on technical standards to support the next stage of the country’s digital asset economy.
The partnership combines Chainlink’s blockchain infrastructure with LG CNS’s institutional expertise. LG CNS is the lead contractor for the Bank of Korea’s Project Hangang digital currency initiative. The collaboration aims to establish infrastructure for compliant digital asset services in South Korea while creating opportunities for expansion into global markets.
