Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Headwinds remain that leave the broader market exposed to the threat of another reversal.Īccording to DeFi Llama, the total value locked increased by 2.89% over 24 hours.
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However, much will depend on events across the crypto market, sentiment toward Fed monetary policy, and the economic outlook. The current trend is aligned with the TVL numbers, suggesting that the recovery may be sustainable. On Friday, AVAX rallied by 11.8%, with NEAR ending the day up 12.3%, with both on the move this morning. With the broader crypto market recovering from current year lows, the battered DeFi space has found greater investor interest.ĭeFi tokens Avalanche ( AVAX) and Near Protocol ( NEAR) have seen increased demand in recent days. Yearn.Finance Finds Support as Demand for DeFi Tokens Surgesĭemand for DeFi tokens has improved, supported by the pickup in investor appetite for cryptos.
Steering clear of the Major Support Levels, YFI broke through the day’s Major Resistance Levels to strike a late high of $8,075.ĭespite a late pullback to $7,000 levels, YFI held above the Third Major Resistance Level at $6,375.Īfter two breakout sessions, it was a testy start to the weekend.
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