DeFI Coin Market Prediction: May 23
The DeFI Coin market prediction is for the market to receive the influence of bullish forces from its current level of $0.280 to break past the EMA (Exponential Moving Average) 100.
DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Key Levels:
Supply Zones: $0.310, $0.360
Demand Zones: $0.2800, $0.2550
DEFCUSD is patiently awaiting the influence of market forces to interrupt the current silence in the market. The price has been fluctuating at the $0.280 critical support level, anticipating a bullish drive that will lift it beyond the EMA period 100.
DeFI Coin Market Prediction: LBLOCK/USD Anticipates a Breakout
The DeFI market can be characterized as volatile towards the middle of May. However, that has now changed as the market has lost some vitality.
The reduction in volatility in the market is depicted by the ATR (Average True Range) indicator, and the price level has also followed the same trend. However, the support level at $0.280 remains strong to prevent further drops as the coin awaits bullish forces.
The EMA period 100 remains a dynamic resistance to the price. DEFC/USD is gearing up to trade above it after the market becomes infused with bullish vigour.
DEFCUSD Medium-Term Trend: Bullish (15-minute chart)
On the 15-minute chart, the price has touched down at $0.280 and is gunning for the consolidation resistance level of $0.310. The price has now traded to the upside of the EMA 100 in this short time frame.
The pattern of the ATR line on the 15-minute chart is wave-like. This shows the agitation in the bullish cycle in driving the price higher despite the currently prevailing bearishness. Continuous strengthening of the market will see it break the $0.310 resistance and head towards $0.400.
You can purchase DeFi Coin here: Buy DEFC
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