The Decentralized Finance (DeFi) tokens, such as PancakeSwap (CAKE) and Jupiter (JUP), have outpaced the broader market recovery over the last 24 hours, experiencing a resurgence in buying pressure. The technical outlook presents mixed signals, with further gains for CAKE, while a critical resistance level awaits JUP.
Furthermore, the SPX6900 (SPX) meme coin ranks third at press time, having recorded a new all-time high by surpassing the $2 milestone. However, a hidden bearish divergence in SPX highlights the gradual escalation in downside risk.
CAKEUSDT
Perp
1.8317
+0.25%
JUPUSDT
Perp
0.1933
+1.25%
SPXUSDT
Perp
0.4819
-1.77%
