Top 3 Defi tokens to invest in 2023: Following the prior downfall, several Defi tokens have shifted sideways, hinting the bearish momentum is getting exhausted. These lateral walks are some of the early signs of a trend reversal. Thus, the interested can grab these tokens at cheaper prices to maximize their gains in 2023.
Uniswap(UNI)
source- Tradingview
The Uniswap(UNI) token price has been under a sideways trend for nearly a year now. However, this consolidation in the weekly time frame chart showed the formation of a symmetrical triangel pattern.
In theory, this pattern provides a strong direction rally if prices break either of its converging trendlines. Furthermore, with the current uncertainty and negative sentiment in the market, the UNI price attempt a breakdown from the pattern’s support trendline.
By the press time, the Uniswap token trades at the $4.96 mark and is 88.94% down from the All-Time high of $44.97. Thus, a weekly candle closing below the trendline will repleni
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