"Investors have to research first, don't rush, you'll regret it later."
Most cryptocurrencies experienced a rally in February 2023 before collapsing again, but the horizontal movement is now expected to favor digital asset holders as prices are likely to see a return to bullish momentum.
As such, here are some DeFi cryptos that may see a recovery in 2023.
Avalanche (AVAX)
After more than a month of AVAX price hovering at the level of $21.65 to $17.58, the digital asset is now seeing a horizontal movement first.
As of this writing, AVAX is trading at $18.13 in the past 24 hours and the price has the potential to break through $21.65 in the near term if the digital asset continues to see buying pressure.
Uniswap (UNI)
UNI could see a bigger price swing over time as its price has recently been seen bouncing off its strong support levels, where the digital asset has so far reached the $6.50 level.
Through observation, the price of UNI may climb past $7.80 and if successful then it is an important sign to start the upward momentum.
Graph (GRT)
While GRT peaked at $0.21, its price plunged back by 30.5% at $0.146 after the crypto market saw volatile movements, but has since rebounded to $0.15 in the past 24 hours.
During the past week, GRT which bounced several times from the support level of $0.146 shows that buyers are actively taking the opportunity to collect the digital asset during the decline, where continuous buying can cause the price of GRT to break through $0.18 and then $0.21.
