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DeFi Tokens Rally as Bitcoin Hits $74,000: Top Picks for Massive Returns
Amidst Bitcoin surpassing $74,000 following Trump’s election win, altcoins are surging, with DeFi tokens leading the way. The DeFi sector is currently showing breakout signals, with significant gains being recorded. Here are some top DeFi tokens to consider for potentially massive returns during this bullish market.
Top DeFi Tokens To Buy
Lido DAO (LDO)
Lido DAO (LDO) is showing signs of a breakout despite being in a falling channel pattern. Recent bullish momentum has led to a substantial 47% surge in the LDO token price. As it nears the critical $1.50 mark and the 200-day EMA, buyers are anticipating a breakout towards $2.52 and $3.70. With a potential upside of almost 170%, LDO is a DeFi token worth considering.
Ethena (ENA)
Ethena (ENA) has broken out of a triangle pattern, with the price rising above the $0.50 level. The token has surged by 62.34% from its recent low and is now eyeing the $1 mark. The breakout rally could see ENA challenging the $1.46 level, offering an upside potential of 184%. The MACD indicator is also signaling a positive crossover, adding to the bullish sentiment surrounding ENA.
AAVE (AAVE)
The Aave token has crossed above $180, marking a 45% increase in the past three days. With the price currently at $182 and showing intraday gains, Aave is on a bullish trend. The MACD indicator is also giving a positive signal, suggesting a potential move towards the $200 mark. If the momentum continues, Aave could target the $398 level, offering a potential upside of over 100% in the current market conditions.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
