<em><strong>Chainlink (LINK) is steady, consolidating but bullish above $20. On the other hand, UMA is in range mode capped below $11.5.</strong></em>
<h2>Chainlink (LINK)</h2>
The oracle provider depends on LINK as the main currency.
<h3>Past Performance of LINK</h3>
The Chainlink coin price is within a bullish breakout pattern, as evident in the daily chart. After days of lower lows in November, the recovery in the second half of December is a net positive for optimistic LINK crypto bulls.
<h3>Chainlink Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/Chainlink-Daily-Price-Chart-for-December-28.png"><img class="alignnone size-full wp-image-225127" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/Chainlink-Daily-Price-Chart-for-December-28.png" alt="Chainlink Daily Price Chart for December 28" width="1280" height="1024" /></a>

Chainlink coin prices are steady at the time of writing, trending above $20 and the middle BB. Although LINKUSDT prices are flat-lining, trading within a tight trade range, the path of least resistance is in the short-term bullish. Therefore, as long as prices are above $20, aggressive traders can load the dips, targeting $27 and $35 in the short term. Meanwhile, if <a href="https://www.cryptoknowmics.com/news/liquid-staking-protocol-lido-integrates-chainlink-price-feeds/">LINK</a> token bears flow back, forcing prices below $20, the coin might slump back to December 2021 lows of around $17.
<h3>Day-Ahead and what to Expect</h3>
There is a three-bar pattern pointing to weak bulls. If sellers press lower, LINK prices may dump from this week's highs of around $24 back to the flexible support—former resistance—line at approximately $20 in a bear trend continuation pattern.
<h2>UMA Protocol</h2>
The platform is for creating synthetics on Ethereum. UMA is the main currency.
<h3>Past Performance of UMA</h3>
The UMA coin posted steep losses in the early Asian session. At present, UMA crypto bulls might have a chance. However, this depends on whether they reject lower lows below the middle BB.
<h3>UMA Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/UMA-Daily-Price-Chart-for-December-28.png"><img class="alignnone size-full wp-image-225128" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/12/UMA-Daily-Price-Chart-for-December-28.png" alt="UMA Daily Price Chart for December 28" width="1280" height="1024" /></a>

UMAUSDT prices are in a $2.5 trade range with caps at $11.5 to the upsides and $9.5—the support line at the middle BB. Despite earlier losses, UMA crypto buyers might find entries, convinced that a new bull trend has been set. Still, risk-averse traders might wait for entries above the $11.5 and this week's highs to double down, targeting $14.
<h3>Day-Ahead and what to Expect</h3>
Analyzing the UMAUSDT trend points to bears even with UMA token prices trading above $9.5 and the flexible support trend line. Therefore, UMA coin bulls should be careful, especially following the bearish engulfing bar of the early Asian session. There might be a reassurance once UMA coin prices race past $11.5, confirming bulls of last week.

Chainlink (LINK) and UMA Technical Analysis: Prices Pulling Back from Recent Highs

Chainlink (LINK) is steady, consolidating but bullish above $20. On the other hand, UMA is in range mode capped below $11.5.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

Chainlink (LINK) and UMA Technical Analysis: Prices Pulling Back from Recent Highs

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