Bitcoin (BTC) recovers above 107,000 USD after briefly hitting 108,952 USD. This recovery impacts DeFi tokens like PENDLE, which surged 10%, and AERO, which is focused on reclaiming the 1 USD level. Uniswap (UNI) has also gained momentum, becoming a significant player in this rally.
Despite the positive price movements, investors are cautioned due to potential overbought signals on various indicators for DeFi tokens. It’s vital to monitor the support levels and potential trends, as PENDLE, AERO, and UNI continue their upward trajectories.
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