The Cryptocurrency Market Is on Track to Reach a New All-Time High

One segment that stands out is Decentralized Finance

The cryptocurrency market is still on track to reach a new All-Time High in 2025, with one segment that stands out significantly is Decentralized Finance (DeFi).

DeFi is widely known as a decentralized exchange, lending platform, yield farming protocol, and so on, which provides real utility in the permissionless finance ecosystem. It also enables transparent, borderless, and efficient financial services, thereby increasing their value.

Despite facing significant pressure in the past week, investors’ optimism towards DeFi projects has been increasing due to the tangible benefits they offer.

As investors continue to monitor the price movements of the top altcoins in this category, here is a technical analysis of three prominent DeFi tokens, namely Aave (AAVE), Chainlink (LINK), and Uniswap (UNI).

Aave (AAVE)

Despite a decline of about 5% on May 18, the Total Value Locked (TVL) of the Aave token still reached $1.76 billion, according to reports.

In addition, with a market capitalization of $3.36 billion, Aave managed to take 31st place in the crypto world.

The Relative Strength Index (RSI) has dropped below the overbought zone on the daily chart, leading to bearish convergence on the AAVE price chart. However, the 50/200-day EMA Cross indicator is on its way to forming a Golden Cross, which indicates a potential mixed price movement in the market.

If bullish momentum returns, AAVE prices have the potential to retest the nearest resistance level at $247.50 this month.

Conversely, if selling pressure increases, the price of this altcoin could drop towards the important support level of $205 in the near future.

Chainlink (LINK)

According to a recent report, Chainlink (LINK) has hit a 10-month high.

Thanks to this development, the market capitalization of the LINK token is now slightly above the $10 billion mark, with a trading price of $15.29 (5/18).

The Moving Average Convergence Divergence (MACD) indicator shows a consistent decline in the green histogram, with its 12 and 26-day EMAs experiencing a bearish crossover.

On the other hand, the 50/200-day Cross EMA indicator shows a similar bullish signal on Chainlink’s price chart. Based on the current market sentiment, LINK price is likely to experience significant movement in the near future.

In the event of a bullish trend reversal, Chainlink’s price has the potential to touch the $16 level again and continue to rise towards the upper target of $19.25.

Conversely, if bear pressure dominates the crypto market, the altcoin’s price could drop to as low as $13 within the month.

Uniswap (UNI)

With a decline of 7.36%, the price of Uniswap (UNI) has slid from the $6.30 mark to $5.75.

As of May 18, the altcoin was being sold at around $5.75 with a trading volume of $214.26 million. Through its latest feature, one-click token swap, this DeFi project has the potential to regain positive momentum soon.

The Simple Moving Average (SMA) indicator showed bearish convergence on the daily chart. In addition, the RSI indicator is also registering negative price movements on the Uniswap price chart, signaling increasing selling pressure in recent weeks.

If the bear dominance continues, the price of UNI could drop towards the crucial support level of $4.70. However, in the event of a bullish trend reversal, the altcoin has the potential to rally again and retest the upper resistance level at $8,145.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.