Chainlink Tests $12 as Open Interest Drops 7.25%
- —LINK trades at $12.13, intraday low of $11.92 sits on the 0.5 Fibonacci level
- —Open interest fell 7.25% to $275 million, with Binance, Bybit and Hyperliquid holding 87%
- —24-hour liquidations totaled $2.09 million, of which $2.03 million were longs (97%)
- —RSI stands at 41.57, below its 50.75 moving average
Why it matters: A close below $11.91 would reinforce the bearish case toward $11, while reclaiming $12.14 opens the way to $12.84.
Source: Crypto News Flash