DeFI Coin Market Anticipation: DEFCUSD Is in a Steady Uptrend Direction

Updated:

DeFI Coin Market Anticipation – July 5

The DeFI Coin market anticipation is for the price to continue in its uptrend movement steadily. It is an imitation of a pattern that occurred around mid-June.


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

Key Levels:
Supply Zones: $0.13170, $0.14750
Demand Zones: $0.11330, $0.11770
DeFI Coin Market Anticipation: DEFCUSD Is in a Steady Uptrend DirectionThe market is in a state of recovery from a major dip. The dip occurred due to acute rejection from the $0.16460 resistance level. This led to a drop below the strong support level at $0.14750. When the price dropped to the next support at $0.13170, there was some retribution from the buyers, but the price will eventually drop lower to $0.11770.


DeFI Coin Market Anticipation: DEFCUSD Market Prospects

DeFI has endured a period between the $0.11770 level as resistance and the $0.1133 level as support. The coin accumulated in this zone for two days, from July 2nd to July 4th.

In a repeat of a previous event, DEFCUSD has broken out of the resistance level and is on a steady uptrend. The market is approaching the $0.1317 price, which has become resistant to the upward price flow.

As a result, the RSI (Relative Strength Index) line is now vacillating towards the oversold borderline. The MA (Moving Average) period 20 is situated below the 1-hour candles to act as support.


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

On the 5-minute chart, the price is now in a steady uptrend after ranging in consolidation and breaking out. DEFCUSD is now approaching the $0.13170 resistance level. It will have to defy this zone to complete its cycle and reach $0.1475.
DeFI Coin Market Anticipation: DEFCUSD Is in a Steady Uptrend DirectionLike on the 1hr chart, the line of the Relative Strength Index has climbed up from the oversold region and is fluctuating around the other extreme in the overbought area. This shows the current intent of the market. DeFI will attempt to reach a price of $0.1475 and beyond.

You can purchase DeFi Coin here: Buy DEFC

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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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.