Buying Opportunity Shines On These DeFi Tokens

Crypto price today Oct 18th: The ongoing relief rally in the crypto market pauses to sustain prior recovery. Though the overall market sentiment is still negative, some crypto coins may offer a near-term rally. Furthermore, the crypto market cap is currently trading at $927.7 Billion, a loss of 0.58% over the past day, while the total volume stands at $49.45 Billion, reflecting a 1.93% drop.

Market leaders:

The largest cryptocurrency-Bitcoin currently exchanges hands at $19581, with a 0.16% intraday gain, while the second largest cryptocurrency Ethereum(ETH), trades at $1325 with a 0.46% loss.

Potential rally spotted for these DeFi tokens

Curve Dao(CRV):

On October 17th, the Curve Dao price gave a massive breakout from the combined resistance level of $0.85, downsloping trendline and 20-day EMA. The altcoin showed a 2.31% gain in the last 24hr, but today’s bearish candle retested this breached resistance to obtain proper footing.

Thus, a post-retest rally could drive the prices 16% higher to reach the $1 psychological level.

Aave(AAVE)

 Since last month, the AAVE price has resonated between the $82 to $79 barrier. However, this rectangle range aligned with a bullish divergence in the RSI indicator suggests a high possibility for price recovery. 

Thus, the interest trades must wait for a daily candle closing above the $82 mark to obtain an entry opportunity. Currently, the altcoin trades at $79.4 with an intraday gain of 0.76%. However, the potential breakout could surge the prices 18.5% higher to hit $94.

Uniswap(UNI)

Since last week, the Uniswap coin price has rebounded twice from the $6 support. These bullish reversals indicate the buyers are actively defending this level and have pushed the prices 4% high to $6.23.

Therefore, if the buying pressure persists, the altcoin would rise more than 10% higher to trigger a bullish pattern candle inverted head and shoulder.

Theta Network(THETA)

The THETA price has been falling inside a parallel channel pattern for nearly two months. However, in theory, this pattern offers a strong buying opportunity upon breaking the resistance trendline. With the bullish RSI divergence supporting this recovery theory, the post-breakout rally could push the prices to $1.3.

However, until the prices remain within this pattern, the altcoin will continue the downward spiral.