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

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 overhead in bearish order: 20 at $8.139, 50 at $8.607, 100 at $9.138, and 200 at $10.496.

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MACD is the standout signal here. The histogram has flipped green and the MACD line is crossing above the signal line near the zero axis, a setup that has historically preceded short-term bounces on this chart, including the move from the February low and the rally into May. The channel’s upper boundary near $9 is the level that needs to break for this to become more than a relief bounce.

• Resistance: $8.139 (20 EMA), $8.607 (50 EMA)
• Support: $7 (channel support, June low), $7.772 (session low)

Wall Street Is Quietly Building on Chainlink

Chainlink, Kinexys by J.P. Morgan, and Ondo Finance successfully executed a cross-chain Delivery versus Payment transaction, settling Ondo Chain’s Short-Term U.S. Government Treasuries Fund against Kinexys Digital Payments using the Chainlink Runtime Environment to orchestrate the entire settlement. This is a live institutional transaction, not a pilot announcement.

The list of partnerships extends further. ANZ Bank used Chainlink’s CCIP to execute a cross-border, cross-currency settlement between AUD and NZD-backed stablecoins. SBI Digital Markets, the digital asset arm of a Japanese conglomerate overseeing more than ¥10 trillion in assets, adopted Chainlink as its exclusive infrastructure solution, while parent company SBI Group, with over $200 billion in total assets, announced a separate strategic partnership covering tokenized real estate, bonds, NAV data, and FX settlement across Japan and the broader APAC region. Emirates NBD, a roughly $260B AUM banking group, also brought Chainlink onto its Digital Asset Lab council alongside PwC and Fireblocks.

This is the clearest evidence yet that Chainlink’s infrastructure is becoming the default interoperability layer for major financial institutions moving real assets on-chain.

18.4 Million $LINK Just Landed on Binance

On June 20, Chainlink executed its scheduled quarterly unlock, releasing 21 million $LINK worth roughly $166M from non-circulating supply. Of that, 18.375 million $LINK worth $144.93M was deposited directly into Binance, with a smaller 2.62 million $LINK allocated to a staking rewards wallet.

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Exchange inflows at this scale typically signal increased sell-side pressure, since large deposits to exchanges are usually a precursor to selling. The timing creates a direct tension with the institutional news: while J.P. Morgan and SBI are building real infrastructure on Chainlink, $144.93M in token supply just became immediately liquid on the world’s largest exchange.

Chainlink Price Prediction for June 23, 2026

• Upside: A daily close above the channel’s upper boundary near $9.00 and a reclaim of the 20 EMA at $8.139 would confirm the MACD bullish cross has real follow-through. Continued institutional partnership news could offset selling pressure from the unlock if demand absorbs the new supply.
• Downside: A failure to clear $8.139 with renewed selling from the Binance deposit reopens the path toward the channel low near $7.00. The scale of this unlock makes it a real overhang that the bullish institutional narrative will need to outweigh.