Chainlink Price Steadies Above $14 as SBI Digital Markets Partnership Fuels Optimism

Chainlink (LINK) maintained its stability above the $14 mark on November 6, demonstrating resilience amid a modest 24-hour market recovery across major cryptocurrencies. The positive sentiment surrounding Chainlink followed the announcement of its partnership with SBI Digital Markets, a subsidiary of Japan’s SBI Group, which aims to bridge traditional finance (TradFi) and decentralized finance (DeFi) through blockchain connectivity.

SBI Digital Markets has adopted Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable secure token transfers across financial systems. This integration underscores growing institutional confidence in Chainlink’s technology as a vital tool for linking regulated markets with blockchain networks. The move follows similar blockchain innovations, such as UBS’s use of Chainlink’s infrastructure for its first live transaction via the Digital Transfer Agent (DTA) standard, in collaboration with DigiFT’s on-chain fund platform.

The broader crypto market also showed signs of recovery, with global market capitalization rising 1.37% after a bearish week. Bitcoin traded above $103,000, while Ethereum held steady around $3,300. XRP posted minor gains as Ripple CEO Brad Garlinghouse shared the company’s 2026 outlook, further boosting investor sentiment.

At the time of writing, Chainlink’s price hovered near $14.99, up 1% in the last 24 hours. LINK remains in a consolidation phase between $14 support and $17 resistance. A decisive break above $17 could propel the price toward the $20 target, signaling a potential 33% upswing. Technical indicators, including a recovering Relative Strength Index (RSI) at 38 and a bullish MACD crossover, suggest improving momentum and a possible trend reversal.

With growing institutional adoption and market recovery, Chainlink’s long-term outlook remains optimistic as it strengthens its role in uniting traditional finance with decentralized innovation.