Bitcoin rebounds above $107K, fuels DeFi rally
Bitcoin has recovered above $107,000, briefly touching $109,000 before easing back to around $106,000. This upward move sparked a strong rally in DeFi tokens. Pendle (PENDLE) surged nearly 10%, approaching resistance at $4.13, with potential to reach $4.35 if the breakout holds. Aerodrome Finance (AERO) climbed over 5%, testing $0.83—its key resistance level. A move past this could take it to $1.00. Uniswap (UNI) rose more than 4% and now trades above $7.70, possibly aiming for $8.75 if momentum continues.
Bitcoin faces resistance between $108,800 and $109,000. A strong close above this zone may open doors toward the $112,000 all-time high. However, a break below $106,140 could lead to a drop toward $103,500.
Impact: Bitcoin’s rebound could support further gains in DeFi tokens. But if BTC weakens again, it might limit the upside for PENDLE, AERO, and UNI.