We talked about DeFi Index back on April 23, where we mentioned and highlighted a bullish reversal after an irregular (A)(B)(C) flat correction in blue wave B. CLICK HERE
DeFi Index made a nice and impulsive recovery away from projected strong support, which could be wave (1) of a new five-wave bullish cycle for a higher degree wave C. Currently we see it slowing down within wave (2) correction that can be a slightly deeper one with the support at 600-500 area. So looks like we are in the ALTseason and soon we may see a strong rally within wave (3) of a five-wave bullish impulse back towards March 2024 highs.

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