Chainlink Price Prediction: J.P. Morgan and SBI Bet Big on Chainlink as 18M LINK Hits Binance
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Chainlink trades at $7.94 on June 22, up 2.10% with MACD turning bullish near zero as price climbs inside a descending channel that has capped the trend since May. Institutional adoption advanced with a live cross-chain DvP settlement involving Chainlink, J.P. Morgan’s Kinexys and Ondo Finance using CRE, but 18.375M LINK worth $144.93M hit Binance on June 20 as part of a scheduled 21M token unlock, creating potential sell pressure on the token and crypto/DeFi markets.
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- LINK trades at $7.94, up 2.10% inside a descending channel with MACD crossing bullish near the zero line
- Chainlink, Kinexys by J.P. Morgan, and Ondo Finance executed a live cross-chain DvP settlement using CRE
- 18.375M LINK worth $144.93M hit Binance on June 20 as part of a scheduled 21M token unlock
Chainlink trades at $7.94 on June 22, up 2.10% as price climbs inside a descending channel that has defined the trend since May, while a wave of institutional partnership announcements collides directly with a fresh batch of unlocked tokens landing on exchanges.
LINK Daily Chart: MACD Turns Bullish Near Zero Inside a Falling Channel
The daily chart shows LINK recovering off the early June low near $7 and climbing back inside a descending channel that has capped price since the May peak near $11. All four EMAs sit overh…
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