Published 1 day ago
The crypto market has been on a steady downward trend for over a year, with a large number of crypto coins dropping significantly. As a result, some of the top DeFi coins are heavily discounted, providing a cheap entry opportunity for investors. Here is a list of coins that could bring big returns in 2023.
Uniswap (UNI)
Source – Tradingview
Uniswap (UNI) price may have fallen 87.06% from its all-time high of $44.97 as the downtrend continues. The currency, this altcoin, is trading at $5.8 and has fallen into an eight-month consolidation.
If this consolidation ends on a bullish note, investors could climb to $13.7 by the end of the first quarter of 2023. A break out of this resistance indicates the potential for a significant recovery and the price could reach his $31.5 by the next two prices. quarter.
Chain link (LINK)
Source – Tradingview
The Chainlink coin price is currently trading at $6.5, seeing an 87.6% loss from a record high of $52.8. However, the coin’s price has resonated in a rectangular pattern for the past eight years, and a breakout from $9.6 could trigger a significant recovery.
If market sentiment improves in 2023, this DeFi token could rise above $30 by mid-year.
AAVE
Source – Tradingview
from all-time high $666.86AAVE price witnessed a fall of 91.17 and is currently trading at $58.8. However, buyers defended $50 psychological support, propping up a flat rise in the monthly chart.
If the bullish momentum replenishes the bullish momentum at this support, a breakout from $115 will be an early sign of recovery. A breakout from the above levels could push the price to $250 by mid-2023.
Phantom (FTM)
Source – Tradingview
Fantom Coin has witnessed an aggressive decline after hitting an all-time high of $3.48 in October 2021. The falling price saw him record a 93.47% loss, sending the price plummeting to his current price of $0.22.
However, the altcoin has slowed its sideways move above $0.194, indicating that the bearish momentum has run out. Moreover, a potential rally from the mentioned support could cause the price to break out of his $0.8 0.786 Fibonacci retracement level support.
A breakthrough of this barrier could support a significant recovery that could hit the $1.75 range by late 2023.
Curve Dao (CRV)
Source – Tradingview
The Curve Dao coin price plunged 91.4% from its January 2022 high of $6.8. Amid this drop, the coin’s price retested $0.4, demonstrating sustainability beyond this long-term accumulation zone.
If the CRV price bottoms out at this support, investors could climb to the $1.57 wall by the end of the first quarter of 2023. A bullish breakout from this resistance would be an important milestone to achieve as he could push the price above $3.5 over the next year.
The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.
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