Token

Bull Market

DeFi

Bitcoin

The post <a href="https://coinpedia.org/price-analysis/best-defi-tokens-to-buy-in-july-before-the-bull-market-begins/">Best DeFi Tokens To Buy In July Before The Bull Market Begins</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Ignoring the slump in the top crypto like Bitcoin and Ethereum, a recovery rally is starting to shine in the shadows of low-cap altcoins. In this underground bull market, the DeFi tokens are starting to shine bright with time.&nbsp; 
The top DeFi Tokens, like the AAVE and CVX, tease a trend reversal with the overnight price jump. Will the bull run in these tokens continue on the bullish path to recovery? 
Let’s look at the price analysis of the DeFi tokens for a deeper understanding.&nbsp; 
<h2 class="wp-block-heading" id="h-the-defi-token-cvx-nbsp-trapped-in-a-channel">The DeFi Token CVX&nbsp; Trapped In A Channel</h2> 
In the weekly chart, the <a href="https://coinpedia.org/price-prediction/convex-finance-cvx-price-prediction/" target="_blank" rel="noreferrer noopener">CVX price</a> trend reveals an overall declining trend that gives rise to the bearish channel at play. Currently, the DeFi token shows a bullish cycle within the parallel channel.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeMt75SorD5kQmtuJqLZEr8OItcM1nlAg8cecRJUBSTcUZLxpXWhHQgoYV9gZzGQJLHkS6ilyx1-waMR-cHNixaKkw8q3hr_uc1mpmGT1CJP8OGcqPmE_FX1Yx0Hf6oDug4QH6TLmm-viwwzY6jiJIafChU?key=3tvEm9ACYOC6K-8TLWjusQ" alt="">
</figure> 
<a href="https://www.tradingview.com/x/UF0jx6Tf/">TradingView</a> 
With a higher price rejection last week, the CVX price trades at $3.18 following the overnight jump of 8.62%. The ongoing brawl with high volatility between the falling channel reflects the high demand going against overhead supply.&nbsp; 
Further, the MACD and signal lines project a bullish crossover, with the RSI line ready to surpass the 50% line. With the recovery rally in motion, the DeFi token can reach the $4.50 mark. Optimistically, a bullish breakout can pump the CVX price to the $7.62 peak.&nbsp; 
<h2 class="wp-block-heading" id="h-aave-buyers-undermine-bear-pattern-jumps-16">AAVE Buyers Undermine Bear Pattern, Jumps 16%</h2> 
In a sideways move, the <a href="https://markets.coinpedia.org/aave/" target="_blank" rel="noreferrer noopener">AAVE token</a> constantly struggles near the $100 psychological milestone. During the hustle, the DeFi token price action formed a head and shoulder pattern with a trendline as the neckline.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfvSgR_YJr4mO31t_ZWxfqHN7dvTWoB6ZedZoiwGpCXPsPUhV3DKBK8IZ5JDK2UcReKekCRHB65dQgLX84UNvv0y-xJdaePo5swVU2nCJ5IEguigZ5iX4ellavs4hv5BdIr81PFXVEXuMPkVy2jv4AqNinU?key=3tvEm9ACYOC6K-8TLWjusQ" alt="">
</figure> 
<a href="https://www.tradingview.com/x/IBuPprpu/">TradingView</a> 
However, with the recent recovery, the underlying demand for the DeFi token at lower levels undermines the bearish pattern. The <a href="https://coinpedia.org/price-prediction/aave-price-prediction/" target="_blank" rel="noreferrer noopener">AAVE price</a> jumps by 16% this week and starts a new positive cycle. 
Further, the bullish crossover impending in the MACD indicator bolsters the upcycle. If the uptrend sustains, the altcoin can reclaim the $100 mark to challenge $150.&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/solana-surges-toward-140-despite-bearish-network-activity-will-sellers-defend-sol-price/" target="_blank" rel="noreferrer noopener">Solana Surges Toward $140 Despite Bearish Network Activity: Will Sellers Defend SOL Price?</a>

Best DeFi Tokens To Buy In July Before The Bull Market Begins

目录

CoinPedia News

发布于 2024年6月27日的其他文章

Coinbase Sues SEC And FDIC Over Alleged Attempts To Stifle Crypto Industry

Tron network deposits drop to 6-month low as TRX price rallies — Trouble in paradise?

ETH To Fall 30% With XRP After ETH ETFs Launch? Here’s Why Investors Are Hedging The Crypto Crash...

Next Pepe Contender ‘Pepe Unchained’ Hits $1 Million In ICO - Best Meme Coin To Buy?

Cardano Shifts Governance To ICC And Reveals Readiness For Chang Hard Fork

South Korea’s Hashed Ventures Joins Abu Dhabi’s Hub71

订阅我们免费的电子期刊，获取每日最新加密领域动态！