- Lido (LDO), Uniswap (UNI), and Aave (AAVE) are set for upside price breakouts.
- All the listed coins have recently broken above long-term downward trendlines.
- The upcoming GHO launch could increase AAVE’s adoption level and price value.
Ongoing developments in the DeFi market suggest that Lido (LDO), Uniswap (UNI), and Aave (AAVE) could be set for independent upside price breakouts. Each of these coins has shown significant price actions that suggest an impending rally or are engaged in protocol developments that would improve their adoption levels.
Lido (LDO)
Lido is one of the most famous liquid staking protocols in the crypto industry. It is a growing ecosystem for Layer 1 Proof-of-Stake (PoS) blockchains and supports Ethereum 2.0. Lido’s native coin, LDO, consolidated from an initial surge in Q1, 2023. It dropped to $1.58 after reaching a yearly high of $3.41. However, LDO has sustained an uptrend supported by a long-term trendline spanning over one year.
LDO/USD Weekly Chart on TradingView
LDO has recently broken above a downward trendline on the weekly timeframe, with the possibility of achieving higher price levels. Data from DeFiLlama also …
The post LDO, UNI, AAVE: 3 DeFi Coins Poised for Breakout Rallies appeared first on Coin Edition.
The post LDO, UNI, AAVE: 3 DeFi Coins Poised for Breakout Rallies appeared first on Coin Edition.