DEFI Index - bullish continuation
DeFi has been the hot topic of this bull run but in the past days as the market tanked DeFi followed showing that it is still deeply connected to the trend set by BTC. As most of the other assets it also shows potential to continue its upward run in the next days, the upward trend started in January hasn't been broken and the index seem to fluctuate mostly in the range between 2300 and 1880, as was doing before its peak. this phase can be seen as a consolidation phase after which it could once again challenge the resistance at 2600, if this attempt is going to be successful will be highly dependent on the moves of BTC that still have to lead the charge. Looking at the volume is evident how after a huge sell off it underwent a steep decrease possibly highlighting uncertainty in the traders.
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