Shift

bullish

Loopring

DeFi

DeXe

The post <a href="https://coinpedia.org/price-analysis/with-a-bullish-shift-from-memecoins-will-defi-tokens-skyrocket/">With A Bullish Shift From Memecoins, Will DeFi Tokens Skyrocket?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
In a surprising shift in the crypto market at the start of this week, the meme coins are not a part of the recovery rally. With the top <a href="https://coinpedia.org/price-analysis/will-these-low-cap-meme-coins-lead-the-bull-market/">meme coins</a> struggling to lift in the broader market rising tide, the DeFi tokens capitalize on the move.&nbsp; 
As the top DeFi tokens gain momentum, here are the top choices to buy for a bullish jump ahead! 
<h2 class="wp-block-heading" id="h-defi-tokens-to-buy-conflux-cfx">DeFi Tokens To Buy: Conflux (CFX)</h2> 
The CFX price action reveals a falling channel pattern in the daily chart. The bearish pattern accounts for a 75% price drop since March 2024. The downfall ranges from $0.51 to the current price of $0.13, following the overnight jump of 2.27%. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeB-q-wpU2Edn742zVUrthz_ic36p8rsJakX29vNfuijHBXhQghv2C4i3dmAOksZUZQoSI_YQgmK78pLkLN7WfOqTbIZLIzLCIoG1SYTy05RwGuVw8orA5QS5DG2SMlnnRy7Sa0o3mE7KHZ0eBXIqHegUs?key=a2b9IVAnQXy2dHPX1OtwDw" alt="">
</figure> 
<a href="https://www.tradingview.com/x/OUDM9sB8/">Tradingview</a> 
The CFX price action reveals a morning star pattern in the ongoing bullish cycle approaching the overhead resistance trendline. The daily RSI line shows a bullish divergence in the DeFi token in the last two depths at $0.1197.&nbsp; 
Furthermore, the DMI indicator shows a surge in ADX, with the VI lines converging for a bullish crossover. Hence, the momentum indicators support the bullish cycle and the breakout possibility.&nbsp; 
An overhead breakout will challenge the 23.60% Fibonacci level at $0.169 before heading to $0.24 at the 50% Fibonacci level. In the coming week, the DeFi token shows an upside potential of 88%. 
<h2 class="wp-block-heading" id="h-dexe-dexe">DeXe (DeXe)</h2> 
With a declining trend in the daily chart, the DEXE price is on a bearish run. The market value has dropped from $16.42 to $6.96 in 5 months. The bearish influence results in a bearish death cross of the 50-day and 200-day EMA.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd4qL4d-62BeQzR4Vk3vjQvqlyjT_XaTAa1ut5Uxy0OWcQHef8z-nxlEIFlDoNzjqJOccMlIQcmhzxbffparKM3o-p-fyatrE8RLwQgbQCEggXUYOqMWJFuE39zIMhHETbbKzStk-IHxSi8dVqv4k3_D_-g?key=a2b9IVAnQXy2dHPX1OtwDw" alt="">
</figure> 
<a href="https://www.tradingview.com/x/qb0deetl/">Tradingview</a> 
Nevertheless, the recovery in the broader market and the underlying shift in sentiments resulted in a double-bottom pattern in the DEXE coin price. With a double-bottom reversal supported by a bullish divergence in the daily RSI line, the DeFi token teases a bull run.&nbsp; 
A potential breakout of the 23.60% Fibonacci level at $9.19 can be the catalyst to reverse the death cross and reinstate a bullish rally. The 50% Fibonacci level at $11.69 will be the deciding crossroads for the future DeXe price trend.&nbsp; 
The breakout above this level could result in a 100% price surge for the DeFi token to $22.26. Meanwhile, a bearish reversal could result in a crash back to $6.96. 
<h2 class="wp-block-heading" id="h-loopring-lrc">Loopring (LRC)</h2> 
Similar to the other DeFi tokens, the LoopRing price action reveals a declining trend in a bearish channel pattern. The downfall accounts for a price drop of 76% since March 2024.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfBZpHVXK69qU-OV-TVRUfdRsU_pz0fUMLmJx6wD3RAQoR6AaOI-XA7bsWAZRcH5-3aulmpwKcvax786PbCBfEhFuG-PS2g32qyLUCVj8Lsv6paeQOxaB7RNB2pRaZTKgWYyZgMIpLNmccb3bwxSXhXo5U3?key=a2b9IVAnQXy2dHPX1OtwDw" alt="DeFi Token LRC Price chart">
</figure> 
<a href="https://www.tradingview.com/x/gTNoexJX/">Tradingview</a> 
The falling channel starts at $0.56, with the recent support finding at $0.1188. Currently, the LRC price action showcases a sideways shift in trend momentum. However, the daily RSI line reveals a bullish divergence for the DeFi token.&nbsp; 
Furthermore, the MACD indicator shows the MACD and signal lines rising and demerging with a positive alignment. Hence, the momentum indicators support the possibility of a bull run in the DeFi token.&nbsp; 
A breakout of the overhead resistance of the falling channel could result in a price jump to the 50% Fibonacci level at $0.2525. Optimistically, the DeFi token could reclaim the $0.50 psychological mark by the end of September 2024.

With A Bullish Shift From Memecoins, Will DeFi Tokens Skyrocket?

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