Top DeFi Coins Positioned for Triple Digit Gains This Alt Season

As the alt season heats up, certain decentralized finance (DeFi) tokens are showing strong potential for huge gains. Investors are on the lookout for the next big opportunity. This article dives into specific coins that seem poised for significant growth, offering insights into which assets could see remarkable returns in the coming months. Stellar Price Surge with Key Support and Resistance Levels Last month, Stellar surged by nearly 79%, marking a significant short-term rally. Despite this impressive performance, the coin saw a mild downturn of about 3.8% over the past six months, suggesting a mixed long-term outlook. While recent gains display strong momentum, the overall trend remains nuanced, indicating that traders should remain attentive to market changes. The current trading range for Stellar is between $0.21 and $0.28, with key support at $0.18 and resistance at $0.31. If the price stays above $0.18, bullish traders might look to accumulate on dips. A breakout above $0.31 could lead to higher resistance at $0.38, providing profit-taking opportunities. However, with the relative strength index around 83, the coin appears overbought, warranting caution for a possible correction. Monitoring price behavior near these levels is crucial, as traders could find potentials to buy low and sell high in this range-bound market. Cosmos Price Update: Balancing Recent Gains and Long-Term Decline Cosmos experienced a 14.79% rise in the past month, along with a 13.42% jump over the last week. However, a six-month decline of nearly 29% reflects ongoing challenges. The price movement has shown volatility but also hints at a recovery. The coin previously traded lower and has shifted toward a steadier range recently. The short-term growth signals a rebound, even amid broader market pressures observed over the half-year period. Current evaluation of Cosmos shows the price trading within a modest range, with visible support and resistance levels for traders. The coin trades between $3.56 and $4.63, with immediate resistance at $5.16 and secondary resistance at $6.22. Support appears around $3.03, while a secondary level lies near $1.97. Market indicators present a mixed picture with slight bullish pressure. Many traders are monitoring the potential for an upward breakout above $5.16, while caution remains due to the broader downward trend reflected in the half-year performance. Quant QNT: Short-Term Gains Amid Mixed Six-Month Trends Quant experienced a modest price uplift with nearly a 6% increase over the last month and a brisk 4.15% gain over the past week. Over the six-month period, the coin recorded about a 5% decline, reflecting a mix of short-term recovery and longer-term pressure. Price behavior has shown variability as recent gains underline temporary optimism while the overall decline suggests ongoing market reassessment. Trading activity during these periods indicates that the market has been reactive to both immediate stimuli and broader sentiment shifts. Currently, Quant trades within a range of roughly $86.73 to $126.77. Immediate resistance is noted near $146.18 with a second barrier at $186.22, and support levels exist around $66.10 with a deeper test at $26.06. Technical indicators such as a Momentum reading of 5.20 and an RSI of 57.04 imply balanced market sentiment with a slight bullish tilt. Bulls appear to be applying moderate pressure, driving short-term gains, though the absence of a pronounced trend calls for caution. Traders might consider buying near support while keeping an eye on the resistance levels for potential exits. Conclusion XLM , ATOM , and QNT show strong potential for gains. XLM is poised to benefit from increased adoption in cross-border transactions. ATOM is promising due to its ecosystem growth and interconnectivity. QNT stands out for its unique approach to connecting different blockchains. These coins are positioned to perform well this alt season. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Bitzo