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

Mục lục

CoinPedia News

Các bài viết khác được xuất bản trên 28 thg 6, 2024

Blackrock reveals large Bitcoin ETF stake with 43,000 shares

MakerDAO Maintains Strong Performance Despite Market Declines

Uber and Lyft Stocks Gain as Massachusetts Settlement Provides Clarity

ETC Price Prediction: Will Ethereum Classic Gain Momentum Following Spot ETH Approval?

Hong Kong’s Securities Regulator Flags Three Crypto Firms For Fraud

Detailed Guide On Transferring KYC For Crypto Users on Exchanges and Cashback Policy

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!