DeFI Coin Price Anticipation: DEFCUSD Depression Is a Bullish Restart Opportunity

Updated:

DeFI Coin Price Anticipation – July 17

The DeFI Coin price anticipation affords the market a bullish restart after the coin suddenly spikes downward to its all-time low level.


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

Key Levels:
Supply Zones: $0.13890, $0.12200
Demand Zones: $0.10620, $0.08060
DeFI Coin Price Anticipation: DEFCUSD Depression Is a Bullish Restart OpportunityDEFCUSD has been gradually progressing since it plunged to the $0.10620 significant level. The price rose through several levels and eventually got a strong downtrend line (in red). At the first time of asking, the bulls were dealt a blow that plunged the market to $0.080590. Even though this move isn’t favourable, this is an opportunity to refresh and restart the project.


DeFI Coin Price Forecast: DEFCUSD Market Prospects

The market commenced an upward trend from the $0.10620 support zone on the 13th of July. A series of retracements preceded the violation of the key level as the price glid upwards.

However, as the market approached the descending trendline, the price began to move sideways. This shows the hesitation of the coin to confront the trendline. When the price eventually rose to meet the trendline, it suffered acute rejection.

DeFI coin has plummeted to a level not previously reached at $0.080590. Buyers are regaining strength at this level and are taking new steps to reintroduce bullishness into the coin.


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

The 15-minute chart shows that the indecisiveness of the price above the $0.11770 critical level may have allowed the bears an opportunity to inflict the market. After the long sideways movement, the market plunged when it tested the trendline. As a result, the RSI line has taken a strong dip directly from overbought to oversold.
DeFI Coin Price Anticipation: DEFCUSD Depression Is a Bullish Restart Opportunity As the price dropped, a long row of dots by the Parabolic SAR (Stop and Reverse) can be seen above both the 1-hour and 15-minute candlesticks to confirm the downfall in the market. The Parabolic SAR dots have switched below the candlesticks to show some upward movement in the market as market investors begin to replan their routine for a reversal. The first point of call is at the $0.10620 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.