Maker

Stacks

bullish

DeFi

The Graph

<p>The post <a href="https://coinpedia.org/price-analysis/must-buy-defi-tokens-for-the-upcoming-altcoin-rally/">Must Buy DeFi Tokens For The Upcoming Altcoin Rally!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>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.</p> 
<p>Planning to stack Decentralized Finance (DeFi) coins but concerned about its future prospects? This article may help you clear all your doubts.</p> 
<p>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.</p> 
<h2 class="wp-block-heading" id="h-the-graph-grt">The Graph (GRT)</h2> 
<p>Amid increased positive action, the <a href="https://coinpedia.org/price-prediction/the-graph-grt-price-prediction/">GRT price</a> 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.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc6rqPnfO4QpQaw7JTZf-04jhQe-IBV2Y6Ou_7XrHtMYISCgVSCHpevVbufgB0siLLaN4_v-DQN4gn9jXJ9PVeZqClL3O9ltCUNEjdV7Du1iNcAqf-jPewlgWDnmyOnRDZLO-C3dYw9kFb8QB2EExCud6jR?key=MSQ5LA9gw6Jhbnc-g_onqA" alt="The Graph price analysis 22nd aug 2024">
</figure> 
<p>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.</p> 
<p>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.</p> 
<h2 class="wp-block-heading" id="h-maker-mkr">Maker (MKR)</h2> 
<p>After trading under a negative influence for a brief period, the <a href="https://coinpedia.org/price-prediction/maker-dao-mkr-price-prediction/">Maker price</a> 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.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXessQZO08ivWX48eVPLmavnkCPLgX8SV8zpB9NP5YGBvl2Vjlb2Mx3bLESZraGiBd1Mz2FfJs83wsvMbZgrZlWv3f6h34CFzzxrruri6X5tnMsaUEpKTJ8fCKzYsJAxglXkAncLZKAFsMOeFVvx5ylOHIZs?key=MSQ5LA9gw6Jhbnc-g_onqA" alt="MKR price analysis 22 aug 2024">
</figure> 
<p>The Moving Average Convergence Divergence (MACD) has recorded a constant rise in the green histogram with an intensified positive action in its averages. This suggests that the Maker price will continue trading under a bullish influence in the coming time.</p> 
<p>Suppose the bulls continue to dominate the market; in such a case, the MKR price will head toward its high of $2,630. However, a negative action could pull the DeFi token toward its crucial support level of $1,700 in the coming time.</p> 
<h2 class="wp-block-heading" id="h-stacks-stx">Stacks (STX)</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/stacks-stx-price-prediction/">STX price</a> has continued to display a bullish price action by adding 9.44% in the past day and 12.53% over the past week. Moreover, the altcoin is on the verge of testing its important resistance level of $1.675, the outcome of which is unpredictable.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdYIiWbI4N49DGAeKbDGsPnDeKBXw6EM8gdXJn8jXk0RxzL8QRzhI0US5TYrhz3N8_C3jUp2NWkqd5U43HqlTGs2VHMXa1iuR3m3doLbN5873zVzgGCiLdPcRdHRe44-PWCwxh-vuzYpkdGQdeTVu6begk?key=MSQ5LA9gw6Jhbnc-g_onqA" alt="STX price analysis 22 aug 2024">
</figure> 
<p>The technical indicators, MACD and RSI have each displayed a constant rise in their price charts. This indicates an increase in the bullish sentiment for the Stack price. Moreover, the averages support the price chart, suggesting a positive outlook for the altcoin.</p> 
<p>If the market maintains the bullish sentiment, this DeFi token’s price could prepare to test its upper resistance level of $2.135 during the upcoming weeks. Negatively, a trend reversal could pull the price toward its low of $1.230 this month.</p>

Must Buy DeFi Tokens For The Upcoming Altcoin Rally!

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