Token

Jupiter

DeFi

Bitcoin

Conflux

The post <a href="https://coinpedia.org/price-analysis/best-performing-defi-tokens-to-buy-this-week/">Best Performing DeFi Tokens To Buy This Week</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the crypto market anticipating a bullish comeback in Bitcoin prices from $60,000, the declining sentiments gradually come to a halt. 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; 
<h2 class="wp-block-heading" id="h-wedge-breakout-in-defi-token-jup-eyes-1-50">Wedge Breakout In DeFi Token JUP Eyes $1.50</h2> 
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; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf7-dzq-JsR_g3QvSBTbYa6eUSE_nzq4KjRTeJRoA-tNIktaOSld1cjgWZy57Fqq0lzBT1JZtAnk-8Gr02FqqSwdqvhlAzBjT0dI9NVBg5vBLyW4kp9uiDzDjBnV11nrOmkU3QHCYUvtryHhCSGY7bwn4U?key=ORondffgdfeiHn_h7EheEg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/kjwSqXEn/">Tradingview</a> 
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 timeframe.&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; 
<h2 class="wp-block-heading" id="strong-trend-reversal-for-cfx-teases-bull-run-ahead-strong">Trend Reversal For CFX Teases Bull Run Ahead </h2> 
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; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcejL6DuZgPKxTydw4XPJSCt-M9Lrkq5ZT_vxPwZad_9P9QSLOHi3rlOpjxJzXfeuKbDV_pHs4uhjjzVKbONAw7WcSn_aTt1AsV8jh0E30AIS_BZDnsb7m5iWczo3ojv3nKl7KBz0eEkiji6CJbvhwHy3sV?key=ORondffgdfeiHn_h7EheEg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/kFASXzOP/">Tradingview</a> 
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; 
<h2 class="wp-block-heading" id="h-bullish-pattern-for-avalanche-eyes-42">Bullish Pattern For Avalanche Eyes $42</h2> 
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. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdRqX_fCY9JKaYWA3lXMCLOL8-OUHPFhPcjJG-pzzroZpoUDpXiKOd-4UuHA8YqgdIYy1tZWMGk1Ep2HonsLa2AAspBrh7mFOxW81oCA2sH3ZcZ_jFOQF5gAAQ2fOc2vkGrin3iukmlopmmQ3cT2c53BGLG?key=ORondffgdfeiHn_h7EheEg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/EXfm2IPt/">Tradingview</a> 
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.&nbsp;

Best Performing DeFi Tokens To Buy This Week

Зміст

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