The bullish momentum of meme coins has dropped in recent months. The Decentralized Finance (DeFi) sector has taken over with bullish gains. Three DeFi coins to watch out for in this sector are Polkadot, Chainlink, and Pullix.
Polkadot (DOT) Rallies
The DeFi sector has seen a significant recovery as tokens like Polkadot entered the green region. Information from CoinMarketCap showed the token trading at the $7 region. The Polkadot coin had jumped 21.7% during the past week.
The DOT token increased from $5.43 in early December to trade at a high of $7.59 but has since corrected. Furthermore, Polkadot price has increased by 35.2% in the past 30 days. However, it faced resistance at the $7.90 level.
This could have been a sign of profit-taking by short-term traders. The coin must first surpass the barrier at $7.36 to begin its upward price movement. Clearing this resistance would pave the way for DOT to $7.90.
Chainlink (LINK) Price Up
Chainlink (LINK) has joined the DeFi market in its la
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