Is the copycat coin season coming? These DeFi sectors will soar in September!
With the optimistic surge in the price of Bitcoin, the tlings are expected to break through the $65,000 mark. With the increasing market confidence and the approach of the counterfeit coin season, DeFi tokens are preparing for the bull market.
With the growth of demand in the cryptocurrency market and the possibility of interest rate cuts, the price of cryptocurrencies is about to soar. So, let's take a closer look at these DeFi tokens with 10 times the potential in the next knockoff season.
Top DeFi tokens soared 10 times:
Jito (JTO)
With the breakthrough of the triangle on the daily chart, the price trend of JITO ended the short-term bearish stage. Rebounding from the newly formed support trend line, the JTO price broke through the 50-day EMA and challenged the 200-day EMA.
According to the Fibonacci level, the bullish trend test 38.20% level is $2.713. At present, the trading price of DeFi tokens is $2.701, up 10.96% overnight, forming a bullish swallowing candle.
In addition, the JTO price shows a double-bottom reversal, and the neckline is at the level of 38.20%. Breaking through the neckline will push the JTO price to a 52-week high of $4.882. In the long run, the Fibonacci level includes $8.78 and $22.72 in the radar, which has 10 times the potential.
0x protocol (ZRX)
Similar to JITO, 0x protocol tokens show a new bullish trend, with bullish candles for seven consecutive days. The rising cycle of ZRX price rose by 17%, leading to a breakthrough in the long-term resistance trend line.
In addition, the upward trend broke through the 50-day EMA, and the bullish impact generated a positive crossover on the VI line. According to the Fibonacci level, breaking through the rebound can find the 23.60% level, and the 200-day EMA is the next key resistance level.
Breaking through this level will increase the possibility of DeFi tokens reaching $1.33. Optimistically, the bull market of the counterfeit coin season may make the level of 1.618 ($3.71) within reach.
Loopring (LRC)
With the double bottom reversal from the support level of $0.01182, the upward trend of LRC price reflects a strong momentum. The bullish rise challenges the upper trend line of the falling channel formed in the correction stage.
In addition, the bullish crossover of the VI line and the 24% increase in 7 days increased the chance of breakthrough. According to the Fibonacci level, the upward trend of DeFi tokens can reach a 50% level of $0.2525 next week. In the counterfeiting season, the upward trend can reach the 1.618 Fibonacci level of $1.37.
