DeFI Coin Market Prospect: DeFI Coin Keeps Growing Stronger

Updated:

DeFI Coin Market Prospect – August 9

The DeFI Coin market prospect is for the market to grow past the next major barriers. This is a result of the bullishness that is prevalent in the market.

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

Key Levels:
Supply Zones: $0.147500, $0.164600
Demand Zones: $.131700, $0.113300
DeFI Coin Market Prospect: DeFI Coin Keeps Growing StrongerDeFI Coin remains upward abounding as the buy-traders continually strengthen themselves. Some major market zones have been violated in the bullish run-in ,and the next set of barriers are $0.147500 and $0.164600, the next targets. The coin is currently executing its signature pull-back and drive-up method to break the immediate resistance at $0.147500.

DeFI Coin Price Forecast: DEFCUSD Market Prospects

The reason for the current market bullishness can still be traced back to the market’s restriction to a downward trending channel. Even though the bulls weren’t allowed to express themselves, momentum was being stored.

After a while of accumulation, the buy-traders were strong enough to challenge the market influencers and this they did to perfection. The market broke through the confluence point that includes the channel’s upper border.

Hence, the market has been very bullish as it breaks through several key levels. Since the break out beyond the downward trending channel, the MA period 100 remains beneath the 1-hour candles, providing support.

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

The method by which the buy-traders have used to break free of the descending channel is the method it continues to use to break barriers and scale higher heights. The market is seen to always pull back in a retracement to strengthen itself before driving clear of any opposing key level.
DeFI Coin Market Prospect: DeFI Coin Keeps Growing StrongerAs the price keeps gyrating upward, the EFI (Elders Force Index) power line lays close to the zero level to show that the buyers are utilizing a very pragmatic approach to keep their bullish steady intact. The next point of call is the $0.147500 significant level.



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.