The CBOE has filed an application with the United states of america Securities and Exchange Committee to list the Bitcoin (BTC) exchange-traded fund proposed by nugget manager Van Eck. If the Bitcoin ETF receives a green signal from the regulators, it could boost market sentiment and attract several new investors to the crypto infinite.

Crypto market information daily view. Source: Coin360

A stiff bull run unremarkably results in pockets of excesses. During the 2017 crypto bull run, the initial coin offerings had witnessed a bubble. Litecoin (LTC) creator Charlie Lee believes that the current nonfungible token mania has many similarities with the ICO boom. Lee is not alone, several others in the crypto industry have also warned investors about the NFT mania.

Two tokens chosen today belong to the decentralized finance space and 1 to NFTs. Let'southward expect at their fundamentals and the charts to spot the disquisitional levels on the upside and the downside.

UNFI/USD

High network fees are a large deterrent in the DeFi infinite. Therefore, whatsoever protocol that offers an opportunity to reduce network fees along with other features is spring to garner attending.

Unifi (UNFI) farms recently went live on all the 6 Unifi Protocol Blockchains. The unique characteristic of Unifi farms is that it is supposedly the first to offer a no-stake farming platform in DeFi. It charges less network fees and offers greater security as the liquidity tokens stay in the wallet of the users.

Unifi launched the outset stablecoin pairing on Binance Smart Chain and plans to innovate these features to other Unifi blockchains in the time to come. Unifi also partnered with IoTeX blockchain that will provide cross-chain DeFi opportunities Unifi and IoTeX users.

Investors seem to have taken a liking to the project and the team announced that the community had staked the maximum chapters of 500,000 UNFI tokens and earned nearly 40% April on their staking. As a reward for their overwhelming support, Unifi raised the max staking April to almost 45% for a 48-hour menses in late February.

UNFI toll has surged from an intraday depression at $sixteen.50 on February. 23 to an intraday high at $44.39 on March 1, a 169% rally within a week. After the sharp rally of the past few days, traders seem to be booking profits at higher levels today.

UNFI/USDT daily chart. Source: TradingView

The beginning support on the downside is $32.50. If the bulls tin flip this previous resistance to back up, it volition signal forcefulness and increase the possibility of a resumption of the uptrend. If the bulls tin can propel the price above $44.39, a rally to $50 may be on the cards.

Both moving averages are sloping up, which is a positive sign. However, the negative divergence on the relative strength index (RSI) signals that momentum is weakening.

If the bears sink the price beneath $32.50, the UNFI/USD pair could drop to the 20-day exponential moving average at $28.35.

A strong bounce off the xx-solar day EMA will suggest the balderdash trend remains intact, simply a suspension below it volition bespeak the likelihood of a deeper correction. The critical support to watch on the downside is $twenty.

FIS/USD

The DeFi infinite continues to attract new players who endeavor to add together unique features to capture investor attention. StaFi (FIS) aims to provide users an opportunity to unlock the liquidity of the staked assets. Investors who pale PoS tokens through StaFi are awarded rtokens that are synthetic derivatives of the staked assets. These rtokens can so be traded or used as collateral in other DeFi protocols.

StaFi launched the rETH production in early February with several incentives such as StakingDrop rewards for early stakers. The protocol also projected the APR for ETH staking to exist about eleven%.

To expand its services, the protocol launched the rDOT test version by cease February. The protocol plans to update the user interface and launch the product in March. This will be followed by rATOM and rKSM by April.

StaFi has tied up with several DeFi platforms such as EasyFi and Rock where users can lend, provide liquidity, and stake their rtokens.

FIS rallied from an intraday depression at $1.5001 on Feb. 24 to an intraday loftier at $three.59 today, rising 139% in about seven days. The bulls had pushed the price to a new all-time high today, just the long wick on the twenty-four hours's candlestick shows profit-booking at higher levels.

FIS/USDT daily chart. Source: TradingView

The upsloping moving averages and the RSI near the overbought territory suggest that bulls are in control.

If the bulls do not give up much footing from the current levels, the FIS/USD pair will once again effort to resume the uptrend. If the cost sustains above $3.59, the rally could extend to $4.072 and then $four.2425.

On the contrary, if the bulls can pull the toll below $3, the pair could correct to the 20-day EMA ($2.53). If the price rebounds off this support, the bulls will one time over again attempt to resume the uptrend.

But if the bears sink the cost below the 20-day EMA, the pair may driblet to the 50-day simple moving boilerplate ($i.75). Such a deep autumn could filibuster the start of the side by side leg of the up-move.

DEGO/USD

DeFi and NFTs are the two sectors in the crypto space that have shown increasing strength in the past few months. Dego finance aims to offering a 1-stop NFT organization, build DeFi apps and games and offering cross-chain functionality.

Dego wants to break the notion that NFTs are only good as a collector'southward item. The protocol plans to give utility to the NFTs by enabling their mining, auction, and trading.

To do that, the protocol has appear several partnerships in the past few days. Dego and Phala Network have agreed to cooperate in the NFT field past sharing products and resources. Phala will also provide privacy infrastructure back up to Dego. In another partnership deal, Dego and MATH have teamed up to start the starting time NFT mining campaign.

Initially, the projection was built on the Ethereum network but after shifted to the Binance Smart Chain and in the hereafter, the squad plans to launch on the Polkadot ecosystem.

DEGO has been in a strong uptrend for the by few days. It has rallied from $iii on Feb. 23 to an intraday high at $6.58 today, a 119% rally in eight days.

DEGO/USD daily chart. Source: TradingView

The DEGO/USD pair remains in a strong uptrend and that has pushed the RSI above 85, which suggests the rally may be overheated in the short term.

If the toll turns down from the current level, the pair could drop to $v. If the bulls can flip this level to support, the pair may effort to resume the uptrend and rally to $8.

On the other hand, if the price breaks below $4.50, it could trap several ambitious bulls and that may pull the cost to the 20-mean solar day EMA ($3.72).

A rebound off this back up will be a hint that bulls are continuing to buy on dips. The buyers will and so try to bulldoze the price above the $5 overhead resistance.

Contrary to this assumption, if the bears tin sink the price below the 20-day EMA, it could signal a possible change in trend.

The views and opinions expressed here are solely those of the writer and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves adventure, you lot should carry your ain research when making a conclusion.