Time for DeFi to Rebound?

DeFi Index Perpetual Futures FTX:DEFIPERP

cryptodonovan

This chart represents a basket of top DeFi projects. DeFi tokens are down bad from their bull run highs, but seem to be bouncing off an area of previous accumulation / support.

Will we get a bearish retest of the 200SMA? This would amount to a ~30% pump for DeFi.

Bitcoin or ETH could easily steal the show, but perhaps worth keeping an eye on!

happy trades,
CD

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