DeFI Coin Market Expectation: DEFCUSD Continues in an Upward Direction

DeFI Coin Market Expectation – July 14

The DeFI Coin market expectation is for the price to keep violating several key levels and the descending trendline on its way to reaching higher price levels.

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

Key Levels:
Supply Zones: $0.11770, $0.13890
Demand Zones: $0.11330, $0.16020
DeFI Coin has leveraged the $0.10620 significant support level to launch a successful reversal. Having accumulated momentum, the coin is now gunning to reach higher price levels. However, the market has the task of defying several price levels that will try to hinder its rise. The market must also break through the descending trendline to confirm its uptrend.

DeFI Coin Price Forecast: DEFCUSD Market Prospects

The descending trendline above the market shows that despite the best efforts of the bulls, the sellers usually come out victorious and limit the strength to rise again. Hence DEFCUSD is seen making continuous lower highs.

However, something is distinguishing this current uprising in the market. This is because the break of the bear’s initial support level at $0.11330 is a big trigger for the buyers, who are willing to retaliate against the sellers.

Therefore, the aim is to break the barrier of the downtrend line to spell the end of the bearish design in place. The MACD (Moving Average Convergence Divergence) shows bullish strength with green histogram bars and lines above the zero level.

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

The EMA period 25 (Exponential Moving Average) on the 1-hour chart has aligned itself below the candlesticks to support and confirm an uprising in the market. This is the same situation with the EMA period 25 on the 15-minute chart.
The price has now violated the resistance posed by the $0.11330 critical level. It then pulls back and then defies the $0.11770 resistance also. The MACD indicator has its line slightly above the zero level to indicate bullish strength in the market. DeFI Coin will now push towards $0.13890, breaking the descending trendline.

You can purchase DeFi Coin here: Buy DEFC

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