Buying opportunity shines on these DeFi tokens

Crypto Price Today October 18: The ongoing relief rally in the crypto market stalls to maintain previous recovery. Although the overall market sentiment remains negative, some cryptocurrencies may offer a short-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 is $49.45 billion, reflecting a fall of 1.93%.

Market leaders:

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

Potential rally spotted for these DeFi tokens

Curve Dao(CRV):

On October 17, Curve Dao price made a massive breakout from the combined resistance level of $0.85, downtrend line and 20-day EMA. The altcoin showed an increase of 2.31% in the last 24 hours, but today’s bearish candle retested this broken resistance to gain the right footing.

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

Aave(AAVE)

Since last month, AAVE price has been resonating between the $82 to $79 barrier. However, this rectangle area in line with a bullish divergence in the RSI indicator suggests a high possibility of price recovery.

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

Uniswap (UNI)

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

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

Theta Network (THETA)

THETA price has been falling within a parallel channel pattern for nearly two months. However, in theory, this pattern provides a strong buying opportunity when you break the resistance trend line. With the bullish RSI divergence supporting this recovery theory, the post breakout rally could push prices to $1.3.

But until prices stay within this pattern, the altcoin will continue its downward spiral.