DeFI Coin Market Anticipation: DEFC Is Set for a Bullish Reversal

DeFI Coin Market Anticipation – May 18

The DeFI Coin market anticipation is for a market reversal at the oversold level at $0.3130.

DEFCUSD Long-Term Trend: Bullish (1-hour chart)

Key Levels:
Supply Zones: $0.3530, $0.3420
Demand Zones: $0.3320, $0.3130
DEFCUSD initiated the buy-side delivery when the market was oversold on the 14th of March. The demand zone at $0.3130 was reached. This caused the market to reverse to seek resistance levels.

DeFI Coin Market Anticipation: DeFI Coin Outlook

Defi coin buying pressure increased when the Stochastic and RSI (Relative Strength Index) signified the market was oversold. This caused the market to ascend from $0.3130.

As the price of DEFC rose, the bulls faced temporary resistance at $0.3420 on the buy-side. The bulls eventually pulled through but were stopped at $0.3530.

There was a structural shift beneath $0.3530. The market was in oversold regions, signified by the Stochastic and the RSI. The resistance level was tested once more before the market finally reversed on the 17th.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)

DEFCUSD dipped below the demand zone at $0.3320. The market has slumped to the next demand level at $0.3130. The Relative Strength Index Indicator is below the 40 level, which means the market is already oversold. Similarly, the Stochastic indicator is also revealing that the market is oversold.
A reversal is currently anticipated in the market. The bulls are expected to go along with the aid of the support level to aim for $0.3320.

You can purchase DeFi Coin here: Buy DEFC

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