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You Need to Buy DeFi Tokens as Crypto Bull Run Comes in Q3 2024
The recovery rally of Bitcoin, meme coins, DeFi tokens, etc., is gaining momentum in July and the upcoming Ethereum ETF signals bullish days ahead. Also, with the declining US inflation data, the rising rate probability could push the crypto market higher in Q3 2024. While the demand for meme coins is quite high, DeFi token HODLers can experience profitable days ahead. So, let’s take a look at our top picks of DeFi tokens to buy for a bullish rally.
DeFi Tokens to Buy: Rocket Pool (RPL)
With a market cap of $413 million, Rocket Pool is ranked 143rd in the list of top altcoins. The RPL token is showing a massive recovery rally, and has increased by 42% in the last ten days.
The bullish reversal in the DeFi token breaks above the declining resistance trend line and teases a golden crossover on the 4H chart. Furthermore, the recovery rally breaks above the 38.20% Fibonacci level and the $20 mark.
If the breakout rally continues to gain momentum, RPL token teases a 36% upside potential to reach $27 or the 78.60% Fib level. Optimistically, the target at 1.618 Fib level or $41 makes it a must-buy DeFi token in Q3 2024.
Convex Finance (CVX)
Gaining momentum after taking a bullish stance at the psychological $2 level, CVX price action teases a trend reversal rally. Challenging the 50-day EMA, the upcoming bull run in the Convex Finance token is full of obstacles.
However, the double bottom reversal in the DeFi token may soon challenge the overhead resistance trendline. In addition, CVX price has increased by 18% in the past ten days.
With the bullish crossover in the MACD indicator, the breakout chances of CVX token are increasing. This makes it a must-buy DeFi token, with a 120% upside to $5.50 with the breakout of the trendline.
Airport Finance (AERO)
Over half a billion dollars in market capitalization makes Aerodrome Finance the 208th largest cryptocurrency. In a bullish reversal, the AERO token price has increased by 137% in the last two weeks.
According to trend-based Fibonacci levels, the uptrend is heading towards the 50% level at $1.39. Currently, the DeFi token is trading at $1 and has an intraday growth of 8.49%. Furthermore, the bullish crossover in the MACD and signal lines strengthen the possibility of an uptrend.
With upside potential to $2.37, Aerodrome Finance token is a DeFi token with high buying potential in Q3 2024.