Must Buy DeFi Tokens With Crypto Bull Run Ahead in Q3 2024

Published by

Sohrab Khawas

July 18, 2024

The recovery rally in Bitcoin, meme coins, DeFi Tokens, etc, are gaining momentum in July, and the upcoming Ethereum ETF signals bullish days ahead. Further, with the declining inflation data points in the U.S., increasing the rate chances could propel the crypto market higher in Q3 of 2024. While the demand for meme coins is quite high, the DeFi token HODLers can experience profitable days ahead. So, let’s have a look at our top picks of must buy DeFi tokens for a bullish rally.

DeFi Tokens To Buy: Rocket Pool (RPL)

With a market cap of $413 Million, Rocket Pool ranks #143 in the list of top altcoins. The RPL token is showing a massive recovery rally, and it has been up by 42% in the last ten days.

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The bullish reversal in the DeFi token breaks above the declining resistance trendline and teases a golden crossover in the 4H chart. Furthermore, the recovery rally crosses above the 38.20% Fibonacci level and the $20 mark.

If the breakout rally continues to gain momentum, the RPL token teases an upside potential of 36% to hit $27 or the 78.60% Fib level. Optimistically, the target at 1.618 Fib level or $41 makes it a must buy DeFi Token in Q3 2024.

Convex Finance (CVX)

Gaining momentum after taking a bullish stand at the $2 psychological mark, the CVX price action teases a trend reversal rally. Challenging the 50D EMA, the bull run ahead in Convex Finance token is filled with road bumps.

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However, the double bottom reversal in the DeFi token could soon challenge the overhead resistance trendline. Further, the CVX price has increased by 18% in the last ten days.

With the bullish crossover in the MACD indicator, the CVX token’s breakout chances increase. This makes it a must-buy DeFi Token, with a 120% upside to $5.50 with the trendline breakout.

Aerodrome Finance (AERO)

More than half a billion dollars of the market cap makes Aerodrome Finance the 208th biggest crypto. With a bullish reversal, the AERO token price has increased by 137% in the last two weeks.

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As per the trend-based Fibonacci levels, the uptrend is headed to the 50% level at $1.39. Currently, the DeFi token is trading at $1 and an intraday growth of 8.49%. Further, the bullish crossover in the MACD and signal lines bolster the uptrend chances.

With an upside potential to hit $2.37, Aerodrome Finance token is a high potential must buy DeFi Token in Q3 2024.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.