Chainlink Targets $20 Milestone Through Strategic Alliance with SBI Digital Markets

Jakarta, Pintu News – As crypto market sentiment improves, Chainlink (LINK) price has remained steady above the $14 level on November 6. The token’s resilience is supported by a modest recovery over the past 24 hours in most major cryptocurrencies.

Chainlink’s strength is also reinforced by the adoption of its network by SBI Digital Markets, which aims to connect traditional finance with decentralized finance solutions through enhanced blockchain connectivity.

Meanwhile, the overall crypto market recorded a gain of 1.37% globally, signaling a recovery after a bearish previous week. Bitcoin (BTC) price held above $103,000, while Ethereum (ETH) traded around $3,300.

Other altcoins such as XRP(XRP) also showed a slight increase, following the disclosure of the 2026 plan by Ripple CEO, Brad Garlinghouse.

Chainlink Partners with SBI Digital Markets

Chainlink has announced a strategic partnership with SBI Digital Markets, a subsidiary of Japan-based SBI Group. The partnership will leverage Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable seamless token transfers between traditional financial systems and decentralized financial systems [DeFi].

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SBI Digital Markets, the digital unit of financial giant SBI Group, chose to implement Chainlink’s CCIP as their primary infrastructure. This decision marks a major step towards a managed digital asset system with cross-chain features. This collaboration is considered an important milestone in connecting regulated financial markets with decentralized blockchain networks.

In addition, UBS, another global banking institution, has also utilized Chainlink’s infrastructure and recorded a historic transaction in the blockchain sector. UBS completed its first direct transaction based on the Digital Transfer Agent (DTA) – a tokenization standard supported by Chainlink.

The transaction involved uMINT, a money market fund tokenized and offered by UBS, and was facilitated through DigiFT, an approved on-chain fund platform.

Chainlink’s ongoing and potential future collaborations – including compliance-based programs in Bermuda and Japan – are considered key drivers of adoption. These steps demonstrate institutions’ growing confidence in Chainlink’s technology as a link between traditional financial systems and blockchain breakthroughs.

Chainlink Prices Aim for $20 amid Slim Market Recovery

As of November 6, LINK’s price stands at $14.99, registering a slight gain of around 1% in the last 24 hours. Chainlink’s price is starting to show signs of recovery after bouncing off the crucial support level around $14.

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Currently, Chainlink price is moving in a consolidation zone, with $14 as a strong support level and $17 as a major resistance level. If the price fails to maintain this zone, LINK risks a further decline below $14.

However, if it manages to break the resistance level above $17, an upward move towards $20 could be possible – reflecting a potential upside of around 33% from the current price. Chainlink’s long-term outlook remains optimistic, especially with the recovery of the crypto market and the strategic partnership with SBI Digital Markets.

Technically, the Relative Strength Index (RSI) is at 38, indicating that LINK has moved out of oversold territory and is stabilizing. The slope of the RSI as well as its moving average indicate strengthening momentum and a possible change in market sentiment.

Meanwhile, the MACD is starting to move above its signal line, and the histogram is showing positive values. Although the position of the MACD and the signal line is still below zero, this crossover is an early indication of a bullish trend. If the uptrend continues, it could trigger further short-term price increases.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Chainlink and SBI in Exclusive Deal: Token Scarcity. Accessed on November 7, 2025
• Coingape. Chainlink Price Targets $20 as SBI Digital Markets Partners to Bridge TradFi and DeFi. Accessed on November 7, 2025