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Chainlink Price Prediction: J.P. Morgan and SBI Bet Big on Chainlink as 18M LINK Hits Binance


Chainlink Price Prediction: J.P. Morgan and SBI Bet Big on Chainlink as 18M LINK Hits Binance

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AI Overview

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.

Bearish

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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 Price Action (Source: TradingView)

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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