Top DeFi Tokens To Add To Your Portfolio Before March 2023 Ends
A majority of major cryptocurrencies experienced significant growth over the last two weeks, restoring a recovery sentiment in the crypto market. Moreover, the ongoing banking crisis in the United States is driving increased adoption of cryptocurrencies, suggesting further potential for growth. Amid this recovery, we’ll analyze some of the top Defi tokens to find long-entry opportunities and determine their potential target.
Uniswap(UNI)
Source- Tradingview
The Uniswap coin price has been trading as a sideways trend for the past seven months, wobbling between the $4.9-$4.7 selling climax and the $7.8 buying climax. This range-bound rally offers two long entry opportunities for traders, one near the $4.9 support for bullish reversal trade and another upon the breakout of the $7.8 mark.
By the press time, the UNI price trades at the $6.35 mark, with an intraday gain of $2.98. With sustained buying, the ongoing recovery will head toward the overhead resistance of 7.8, which indicates a breakout opportunity on the horizon.
Stacks(STX)
Source- Tradingview
Within a fortnight, the Stacks coin price witnessed an explosive rally from the $0.546 to the $1.3 mark, recording 140% growth. However, over the last four days, the STX price has showcased several higher-price rejection candles at $1.3 resistance, indicating the exhausted bullish momentum.
As of now, the Stacks coin price trades at $1.22, and the aforementioned rejection indicates a possible correction. As per the Fibonacci retracement level, the potential could obtain strong support at $1.03 at 0.236 FIB level or $0.9 at 0.382 FIB level.
Also Read: Top 6 Liquid Staking Platforms On Ethereum
Graph(GRT)
Source- Tradingview
A V-shaped recovery in Graph token price witnessed a minor pullback after hitting a local resistance of $0.163. This correction phase tumbled the prices 13% down to resist the reclaimed level of 0.14.
Today, the GRT price trades at the $0.15 mark with an intraday gain of 2.2%. Moreover, the lower price rejection attached to the daily candle indicates the traders are buying a minor correction which is a crucial trait for an established uptrend.
With sustained buying, the GRT price may surpass the $0.163 resistance and hit the $0.187 barrier.
Conflux(CFX)
Source- Tradingview
On March 19th, the Conflux coin’s recovery rally gave a massive breakout from another significant resistance of $0.4. This breakout accelerates the buying pressure and offers a strong launchpad to interested buyers.
Today, with a 9.6% intraday gain, the CFX price jumped from the flipped support of $0.4 to encourage further price rallies. With sustained buying, this altcoin could rise 38% to hit the $0.6 mark.
- ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks
- El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset
- Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force
- 99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction
- Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
