DeFI Coin Price Anticipation: DEFCUSD Is Ascending Towards Its Channel Borderline

DeFI Coin Price Anticipation – July 25

The DeFI Coin price anticipation is for the market to keep rising towards the borderline of its ascending channel. There is an anticipation of confrontation at the borderline, but bulls can be expected to edge through.

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

Key Levels:
Supply Zones: $0.106200, $0.113300, $0.122000
Demand Zones: $0.080590, $0.087600, $0.095640
As DEFCUSD slides down through a channel, the bulls are consistently knocking at the upper border of the falling channel with the aim of going past it. However, at each point, the price is strongly rejected. The latest incident of this happened on the 16th of July. The buyers were outclassed, and the coin plummeted more than 35%, falling back to the $0.08059 support level. The bulls are not giving any space for rest, as they have now embarked on another foray upward.

DeFI Coin Price Forecast: DEFCUSD Market Prospects

The sellers have seemingly set their guard at the borderline of the descending channel, so there is always a strong dip in the market whenever the price rises to this level. However, the buyers are determined to break this jinx.

Therefore, DeFI Coin has immediately set about reaching back upwards immediately after it dropped to $0.08059. The immediate resistance at the $08760 significant level has been conquered. The coin is now seemingly accumulating below $0.09564 to gather momentum to shoot up.

$0.10620 is most likely the level for a clash of strengths. The bulls have the advantage of storing momentum at this time, and the RSI (Relative Strength Index) already indicates an overbought market. DeFI might pull back once more before unleashing at the channel’s upper borderline.

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

The 15-minute chart also shows that the coin’s movement has been majorly around the centerline of the Relative Strength Index Indicator. However, like the 1-hr chart, the price has risen into overbought territory. This is even though the market itself is moving in a sideways trend.
The Moving Average period 50 is following the direction of the price, although it acts many times as support. As of the time of writing, the price has broken the $0.09564 barrier and is set to ascend to the $0.10620 significant level for a tussle with the bears. DEFCUSD can be backed, though, to break past the borderline.

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.