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Top DeFi Tokens on August 13th: LINK, AMPL, LEND. Will the Trend Continue?

Highlights

    Defi tokens rise again with LINK leading the surge

    Aave continues gains of one week with today's gains

    AMPL breaks key resistance amid several days of price increase

Decentralized finance seems to be the new order of the day. While we see a rise in the exchange volumes across decentralized exchanges, we also notice an uprising of several tokens that present business propositions along such lines.

Among the top players of the industry include LINK, which has been the most impressive cryptocurrency since the beginning of the long-awaited alt season. 

LINK, LEND, AMPL today, are making consistent gains amid several days of bull markets. These coins have seen news highs and are unquestionable in their quest for greater heights. 

#1. ChainLink (LINK 22.9% Gain):

Also featured in today’s top gainers, we consider Chainlink. This important crypto which has already attained more than 50% gain within the last one month is documenting some more gains this time.

Also, read Chainlink Price Prediction for 2020

The Coin is up by over 555% in the last year and around 115% within the last month. Although it lost 0.6% in the last hour, LINK is positive in the daily timeframe.

Technical Indicators

  • Next major resistance at $16
  • Next major support level at $15.0
  • Resistance Strength Index joined the 70.0 overbought condition and may ride prices down in a feasible correction.

LINK is trading at $15.86 and its market cap is fluctuating around $4.0 billion.

#2. Ampleforth (AMPL 17.4% Gain):

AMPL receives the top recognition amidst this rise of heading gainers with a 17.4%.

AMPL records this earnings as a continuation to the bull run of yesterday, which in turn, is launching a buying pressure within the last 24 hours

AMPL is immediately trading at $0.819 around a market capitalization of $273 million. The coin’s exchange volume in the last 24 hours is approximately $47 million.

Technical Points

AMPL broke the resistance level at $0.80 to top the level. Ultimately, the coin surged all the way to $0.85 with a 17% profit.

Beyond this level, the extra level of key resistance fibs at $0.90 where prices have assessed and collapsed in the past.

  •  Next major resistance $0.9
  • Next major support at $0.85
  • RSI approaching overbought condition at 70.0

#3. Aave (LEND 11.2% Gain):

Having accomplished brightly within the last year with around 12,000% profit, the coin gathered earnings last month with 89.4%. Also, last week, LEND gained around 35%. The cryptocurrency is down 1.0% in the last hour.

Now changing hands at $0.44, it looks like the market understanding is bullish in the short term. 71% of market respondents are bullish while 29% remain bearish on LEND.

Technical Indicators

LEND/USD looks bullish with prices soaring above the top of the Bollinger Band. There’s an apparent price increase above the Bollinger top where prices may head to the $0.5 level.

  • Next major resistance lies at $0.5
  • Next key support level at $0.4
  • RSI penetrated the 70.0 level and further move upwards seems highly possible.

Also Check out Price Analysis Of your Favourite DeFi Token

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Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

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