Defi tokens experience relaxation: AAVE, CRV and SNX

Defi tokens experience relaxation: AAVE, CRV and SNX

decentralized finances (defi) experienced a positive upswing on the cryptocurrency market this week. Among other things, the compound token, Synthetix (SNX), Aave and Curve Dao (CRV) recorded increasing prices.

The price of the compound token has more than doubled in the course of Junis, and other defi tokens have recorded similar growth. Synthetix (SNX) has increased by 3.34% in the last 24 hours, while Aave recorded an increase of over 5%. The native token of Curve Dao (CRV) rose by 6.2%in the weekly comparison

An important message in the crypto world was the lawsuit of the US stock exchange supervision SEC against Coinbase and Binance, two of the largest crypto bonds worldwide. The authority accused them of offering unregulated products for American customers. These complaints are positive for defi projects such as AAVE, Uniswap and Lido, since they are more difficult to regulate because they are controlled decentralized autonomous organizations (DAOS).

lido, a leading defi platform, is expected to benefit from stricter regulation of the staking offer in the United States. Lido offers solutions for so -called liquid staking, in which owners of cryptocurrencies can get passive income from their tokens. With an deposit volume of over $ 14 billion, Lido is one of the largest defi platforms worldwide.

The tightening of the crypto regulation in the USA has led to an increase in commercial volume to decentralized crypto bonds such as Dydx, Uniswap, Aave and Pancakewap. At the same time, crypto whales continue to rely on defi tokens.

The AAVE token recorded a decline in a low of several months of $ 47.18 this month, but recovered and reached a high of $ 76. The price is currently below the descending trend line and near the moving average of the last 50 and 100 days. The breakthrough of the resistance points of $ 70 could confirm a further upward movement.

The Curve Dao CRV token has also had a strong recovery in the past few days and has increased by more than 27%. The current price is just below the important resistance of $ 0.7368. However, the CRV token is still below the moving average of the last 50 and 100 days. Buyers should be careful and wait for confirmation of the sequel that could occur if the price increases over $ 0.85.

synthetix (SNX) also recorded a strong increase, around 42% from the lowest point this month. The token was able to convert the resistance of 2.03 US dollars into support and is above the sliding sections of the last 50 and 100 days. The next resistance for the SNX price is $ 2.50, while the support is $ 2.0.