Jupiter

DeFi

Bitcoin

Reversal

Conflux

<a href="https://bitcoinworld.co.in/best-performing-defi-tokens-to-buy-this-week/" title="Best Performing DeFi Tokens To Buy This Week" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Here is a list of the best performing DeFi tokens to purchase this week:</li>
</ul>
With the crypto market anticipating a bullish comeback in Bitcoin prices from $60,000, the declining sentiments gradually come to a halt.&nbsp;
Under such conditions, the DeFi tokens are starting to shine, teasing a potential surge in the coming week.&nbsp;
Further, amongst the top performers, JUP, CFX, and AVAX rank as the top-performing DeFi tokens today. Thus, these altcoins offer a lucrative entry opportunity to the sideline traders. So, let’s look closer at the top DeFi tokens to buy for a bull run next week.&nbsp;
<h3 id="span-style-font-weight-400-wedge-breakout-in-defi-token-jup-eyes-1-50-span">Wedge Breakout In DeFi Token JUP Eyes $1.50</h3>
With an 8.88% jump overnight, Jupiter surpasses the $1 billion market cap, reflecting a potential trend reversal. The reversal chances arise after the 58% decline, forming a falling wedge pattern in the daily chart.&nbsp;
Taking support at the 78.60% Fibonacci level, the DeFi token shows lower price rejection from the declining trendline. Further, a double bottom pattern is visible at a lower time frame.&nbsp;
The DeFi token has surged by 15% in the last four days and marks a positive cycle in the wedge pattern. Thus, with the changing underground landscape, the JUP price trend reveals a massive upside potential.&nbsp;
If the bull run continues for a breakout rally, Jupiter’s price can resurface above the $1 psychological mark. On the upside, $1.25 and $1.50 are potential upside targets for this Decentralized Finance token.&nbsp;
<h3 id="span-style-font-weight-400-trend-reversal-for-cfx-teases-bull-run-ahead-span">Trend Reversal For CFX Teases Bull Run Ahead</h3>
Similar to the DeFi token, JUP, Conflux price action shows a declining trend after a peak formation at $0.51. Failing to sustain above the psychological mark, the increased supply leads to a death cross between the 50D and 200D EMA.&nbsp;
The bearish phase in the CFX price results in a drop to the $0.13 mark and a falling wedge pattern. Currently, the DeFi token shows a positive cycle with the potential to outgrow the bearish pattern.&nbsp;
Thus, the increasing demand reflects the Conflux price action, which is ready for a breakout run. With the increased breakout momentum, the DeFi token can reach the $0.30 mark or the 50% Fibonacci level next week.&nbsp;
<h3 id="span-style-font-weight-400-bullish-pattern-for-avalanche-eyes-42-span">Bullish Pattern For Avalanche Eyes $42</h3>
With a bullish revival, the AVAX price trend teases a conclusion to the intense pullback phase. The DeFi token teases an inverted head and shoulder pattern as it tests a supply zone at $28, the anticipated neckline for the bullish pattern.
With the sentiments improving for the broader market and the DeFi segment, the AVAX price could experience a surge next week. Teasing a bullish breakout, the altcoin can resurface above the $30 next week.&nbsp;
With the additional momentum, Avalanche’s price can reach the $42 mark.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Best Performing DeFi Tokens To Buy This Week

Spis treści

ItsBitcoinWorld

Inne artykuły opublikowane 28 cze 2024

Inside BlockDAG’s Meteoric Rise: A $54M Presale, Market Domination Over RNDR’s Climb, & Monero’s ...

Biaoqing Price Tumbles 18% As Traders Race To Buy This Solana Meme Coin Before Its Big Airdrop An...

WIF breaks key resistance: Can it sustain the gain?

Solana The Ethereum Killer; Celestia COO, Nick White, Makes Bold Prediction

Blocksquare Releases Real Estate RWA Launchpad with Community-Driven Marketplace Pools (28 Jun)

Top Meme Coins To Look Out For 2x Gains Next Week

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!