What you need to know:
- Chainlink (LINK) is trading at $10.92, down 0.21%, with 24-hour volume up 20.23%.
- Analysts identify $10.82 as crucial support, indicating a potential near-term recovery.
- Collaboration with WEMADE’s GAKS alliance strengthens the KRW stablecoin infrastructure in South Korea.
Chainlink (LINK) fell to $10.92 on Friday, reflecting a decline of 3.38% in the past 24 hours, while its 24-hour trading volume rose to $588.12 million, up 20.23%, according to CoinMarketCap facts. Over the past seven days, LINK is down 10.77%.
LINK is approaching major support zone
In X messageCrypto analysts at BeLaunch note that LINK is approaching a key support range between $11.08 and $11.25. Although sellers have dominated recent sessions, the $10.82 support level has absorbed pullbacks, indicating buyers are intervening.
A break below this zone could negate bullish setups, while a recovery above MA7 and MA25 could trigger a short-term upside move, with $12,495 identified as the first major resistance target.
Four-hour candlestick charts show a downtrend characterized by lower highs and lower lows. Volume analysis confirms seller dominance, with larger red bars observed on consecutive down days. However, the latest candle shows a slight increase near $10.82, indicating a potential accumulation of buyers.
BeLaunch has outlined a speculative strategy for traders: an entry between $11.08 and $11.25, stop-loss at $10.50 and profit targets at $11.80, $12.60 and $13.60. While this setup is not financial advice, analysts suggest that a position above the $10.82 base could allow for a near-term trend reversal or retracement.
Chainlink collaborates with GAKS from WEMADE
In addition to the price action, Chainlink has taken a strategic course partnership with WEMADE’s Global Alliance for KRW Stablecoins (GAKS), serving over 600 million users. The collaboration aims to improve technical standardization, interoperability, compliance and data integrity for KRW-backed stablecoins in South Korea.
GAKS was launched in November 2025 and previously worked with Chainalysis (blockchain analysis), CertiK (security audits) and SentBe (remittance solutions).
Johann Eid, Chief Business Officer at Chainlink Labs, said: “Through the strategic alliance with WEMADE, Chainlink provides industry expertise and important opportunities for GAKS members to leverage the Chainlink platform.”
WEMADE Vice President Kim SukWhan added: “Chainlink’s participation marks a milestone for GAKS in achieving global technical excellence and trust in KRW stablecoins.”
Also read | Chainlink Reserve Grows to 1.77 Million LINK, Data Shows
#Chainlink #faces #key #support #expecting #rally