Solana and Chainlink prices are bottoming up. LINK/USDT could break above $22 towards $54 as SOL/USDT buyers target $40 in the short term.

Solana (SOL)

Solana is a DeFi-focused, high throughput, low-fee, and scalable blockchain having SOL as the main governance token.

Past Performance of SOL

There are series of higher highs in the daily chart. Overly, SOL/USDT prices are within a wedge with resistance at the main trend line.

Despite gains, buyers haven’t been successful in breaching the liquidation line.

Still, there are hopes, since SOL is up seven percent on the last trading day.

Day-Ahead and What to Expect

Technically, the path of the least resistance is northwards, reading from price action in the daily chart.

Ideally, SOL buyers must overcome $32 for confident higher highs towards $40—the primary resistance level.

On the lower end, $23 is the main support line which, if bears overcome, SOL could crumble to new H2 2021 lows in a bear trend continuation pattern.

SOL/USDT Technical Analysis

SOL prices are rising as the crypto tide rises. Moreover, from the daily chart, every low could offer a loading opportunity with targets at $40 more so once $32 is broken.

Notably, last week’s double bar bullish reversal pattern is now valid, paving the road for a relieving reversal.

Chainlink (LINK)

The Chainlink platform is a blockchain-agnostic oracle service provider having LINK as the main token.

Past Performance of LINK

Technically, LINK is trading within a bullish breakout pattern after extended periods of lower lows through May and June 2021.

From the daily chart, LINK/USDT prices are now trending above the middle BB, adding 14 percent on the last trading day.

Day-Ahead and What to Expect

In a buy trend continuation pattern, LINK prices are positive and could build on last week’s gains.

Already, the uptick is with high trading volumes, and today’s bar is wide-ranging, suggesting increasing demand and confidence.

Every low could be a loading opportunity, with targets at $22 and later $54.

LINK/USDT Technical Analysis

LINK/USDT prices are bullish as per the candlestick arrangement in the daily chart. Aggressive buyers can buy the dips, targeting $22 in the immediate term.

Meanwhile, risk-on traders can wait for a close above $22 with targets at $54 before loading.

Losses below the middle BB invalidates the uptrend, confirming today’s breakout as a bull trap.