The post Must Buy DeFi Tokens For The Upcoming Altcoin Rally! appeared on BitcoinEthereumNews.com.

With the ongoing volatility in the cross-border payment system, the DeFi tokens have recorded a strong bullish recovery by displaying a positive price action over the past few days. Moreover, top tokens have successfully breached their important resistance levels, suggesting a bullish outlook. Planning to stack Decentralized Finance (DeFi) coins but concerned about its future prospects? This article may help you clear all your doubts. Scroll down as, in this article, we have covered the top 3 DeFi crypto tokens that have the potential to outperform top altcoins during the upcoming bull run. The Graph (GRT) Amid increased positive action, the GRT price has successfully maintained its price above its crucial support level of $0.1375. Further, it has added 5.61% within the past day and 7.39% over the past week. With a market capitalization of $1.449 billion, it has secured the 51st position in the global crypto list. The technical indicator RSI is on the verge of surpassing the midpoint, indicating an increase in the buying-over-selling pressure for the GRT price in the crypto market. Further, the MACD shows a similar price action, suggesting a positive outlook for the altcoin in the coming time. If the bulls hold the price above its crucial support level of $0.1375. The Graph price will head toward its resistance level of $0.1980. Conversely, bearish price action could result in the DeFi token plunging toward its new yearly low. Maker (MKR) After trading under a negative influence for a brief period, the Maker price has recorded a jump of over 5% in the past 24 hours with a trading volume of $70.502 million. With a YTD return of 22.89%, this altcoin has secured the 46th position with a market cap of $1.883 billion. The Moving Average Convergence Divergence (MACD) has recorded a constant rise in…

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Filed under: News - @ August 22, 2024 2:20 pm