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The post <a href="https://coinpedia.org/price-analysis/top-defi-tokens-to-invest-for-a-2x-surge-in-june/">Top DeFi Tokens To Invest For A 2X Surge In June</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With Bitcoin price being optimistic, under $70,000, and Ethereum aiming to surpass $4000, the crypto market is turning bullish. Amidst the growing investors’ confidence, the DeFi tokens are making a comeback this season. 
With a bullish month, the uptrend in DeFi tokens brings lucrative entry opportunities for sideline traders. So, let’s look closer at the top DeFi tokens to buy for a 2X surge in June.&nbsp; 
Chainlink (LINK) 
With a market cap of $10.78 billion, this Oracle token shows a bullish trend with the rise in the DeFi sector. The bullish turnaround in the LINK price from the $13.13 support level accounts for 40% in the last 14 days.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/I873bmvXvqwZFvcgjklA7OKKHKzT6BP-IVAOuifFSwh0wxQlA8bxz2-EgRe2BWkq7l3_Vg99QkNwLTq1xBJI3sZH4KbEk6Rc4jE4Bh0gWEOEXprc6d_6QOrXHJTpkPKV_Fb33e_rkzpCIsk7mqFRKtw" alt="">
</figure> 
<a href="https://www.tradingview.com/x/glUYFrCc/">Tradingview</a> 
As per the trend-based Fibonacci levels, the recovery rally now approaches the 50% Fibonacci level. Further, the 50D and 200D EMA avoid a bearish crossover and reignite a bullish trend.&nbsp; 
With the bull run approaching the $20 mark, the possibility of a price jump increases for the LINK token amidst the broader market recovery. In such a case, the bull run could peak at $34 in June.&nbsp; 
Thorchain (RUNE) 
With a bullish recovery in action, the RUNE price shows a 28% jump in the last 28 days. Further, the improving underlying sentiments are evident with the double bottom pattern at the 50W EMA. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/_Y0dF8386Z3W8z7eOoE9ps00odTH2oLsYnvjYTgloZzpjrB6vPWM56x_y6dt92Z4QHwvWmTL6IsoEsPbWkF30npln0gStmqhUncM_oIZ8ZE5mVpwu1_Gfqqj3JVQDXtHtbZQ6M3al1kWIH18BN6bQSE" alt="">
</figure> 
<a href="https://www.tradingview.com/x/JiQGyETq/">Tradingview</a> 
As per the Fibonacci levels, the 23.60% level is a solid support level, with the bulls challenging the 38.20% level. Furthermore, the RUNE price shows a rounding bottom reversal with a golden crossover in the weekly 50W and 200W EMAs. 
As the demand improves in the DeFi sectors, the RUNE price could reach the 50% Fibonacci level at $10. Further, a breakout rally could reach the $15.49 mark by the end of June.&nbsp; 
Uniswap (UNI) 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/9YcJEb7Mb-2CvEmSGg7kgKedquuABj0wiXiCCI3JMwdKV0hIcwowwKXUjHGP0i72_PPuY2EApJH-kHAWmoG9irhrxM0Bls_5ZuLBntjPcnUjCJ3GtXsAoZ_9AErfpv9alDxnVdLOpccKIr7IVEUdvAM" alt="">
</figure> 
<a href="https://www.tradingview.com/x/1Zusm7lJ/">Tradingview</a> 
The UNI price action shows a bullish reversal from the 50W EMA, challenging the overhead resistance trendline. This increases the chances of a trend reversal in the DeFi token.&nbsp; 
With a massive jump of 46% last week, the bullish engulfing candle increases the possibility of a price jump. With the buyers anticipating a bullish breakout of the overhead resistance trendline, the UNI price trend aims to reach $20 in June.&nbsp;

Top DeFi Tokens To Invest For A 2X Surge In June

CoinPedia News

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