DeFI Coin Market Anticipation: DEFCUSD Drive Upward From Consolidation

Updated:

DeFI Coin Market Anticipation – July 3

The DeFI Coin market anticipation is for the coin to drive upward from consolidation after breaking the $0.11770 resistance zone. This is a replication of a previous move.


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

Key Levels:
Supply Zones: $0.13170, $0.11770
Demand Zones: $0.11330, $0.10500
DeFI Coin Market Anticipation: DEFCUSD Drive Upward From ConsolidationDeFI coin has broken out after experiencing accumulation between two significant levels. 0.11810 as resistance and 0.11330 as support. The market is in a critical state, which the buyers take full advantage of. The price has been ranging since the 2nd of July, and after two days, the price breaks out in an upward direction.


DeFI Coin Market Anticipation: DEFCUSD Market Prospects

DeFI had earlier experienced its current situation of consolidation between these close key levels. This took place between the 17th and the 20th of June. This led to a breakout of the consolidation.

The market accumulated momentum while in consolidation as bears battled the buyers to gain preeminence over the price. Bulls came out victorious, leading to a significant rise in DeFI to above 0.14750.

The EFI (Elders Force Index) has moved in the market’s direction. Its powerline has risen upward, slightly above equilibrium. The MA (Moving Average) period 20 also acts as a support for the daily candles.


DEFCUSD Medium-Term Trend: Bullish (5-Minute Chart)

On the 5-minute chart, after repeatedly cramming between the resistance level and the support level, the price has now broken above out of the consolidation. The bulls are set to take full advantage of this development and ride the price up to $0.13170.
DeFI Coin Market Anticipation: DEFCUSD Drive Upward From ConsolidationThere is a marked difference in the EFI power line on the 5-minute chart. It bounced off the zero level and shot upward. The Moving Average period 20 remains as support like the 1-hour chart. DeFI is anticipated to rise to $0.13170.

How To Buy DEFC


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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.