Top DeFi Tokens Surge 10X: JITO (JTO), 0x Protocol (ZRX), Loopring (LRC)

With an optimistic surge in Bitcoin prices, bulls anticipate a breakout run above the $65000 mark. Amidst the growing confidence in the market, the DeFi tokens prepare for a bull run as the altcoin season inches closer.

As Bitcoin price enjoys an optimistic surge, anticipation mounts among bulls for a breakout run above the $65000 mark. In parallel, a wave of optimism sweeps through the DeFi sector, preparing for a bull run as the altcoin season edges closer.

Amidst growing confidence in the market, several DeFi tokens are poised for a 10x surge in the upcoming altcoin season. Let’s take a closer look at these promising candidates.

Top DeFi Tokens Primed for 10X Surges

JITO (JTO)

A triangle breakout on the daily chart marks the conclusion of a short-term bearish phase in JITO price action. Bouncing off a newly formed support trendline, the JTO price ascends past the 50D EMA and sets its sights on the 200D EMA.

As per Fibonacci levels, the bullish trend tests the 38.20% level at $2.713. At press time, the DeFi token trades at $2.701, following an overnight surge of 10.96%, forming a bullish engulfing candle.

Moreover, the JITO price reveals a double bottom reversal with a neckline at the 38.20% level. A breakout rally above this neckline would propel the JTO price towards the 52-week high at $4.882. In the long term, Fibonacci levels place $8.78 and $22.72 on the radar for 10x potential.

0x Protocol (ZRX)

Echoing JITO’s price action, the 0x protocol token showcases a new bullish uprising, evident in a seven-day streak of bullish candles.

This upcycle in ZRX price amounts to a 17% surge and culminates in a breakout from a long-standing resistance trendline.

Furthermore, the uptrend surpasses the 50D EMA, and the bullish influence triggers a positive crossover in the VI lines. As per Fibonacci levels, the breakout rally could encounter the 23.60% level, coinciding with the 200D EMA, as the next critical resistance.

A breakout rally above this level would increase the probability of the DeFi token gearing up to reach $1.33. Optimistically, a bull run in the altcoin season could place the 1.618 level at $3.71 within reach.

Loopring (LRC)

A double bottom reversal from the $0.01182 support level sparks an uptrend in LRC price, boasting strong momentum. This bullish uprising challenges the overhead trendline of a falling channel, which formed during the recent correction phase.

Moreover, a bullish crossover in the VI lines and a 24% hike over 7 days amplify the prospects of a breakout run. As per Fibonacci levels, the uptrend in the DeFi token could reach the 50% level at $0.2525 next week.

In the altcoin season, the uptrend could culminate at the 1.618 Fibonacci level, reaching $1.37.