DeFI Coin Price Anticipation: DEFCUSD Is Set to Rally After Dropping to a Support Level

Updated:

DeFI Coin Price Anticipation – July 21

The DeFI Coin price anticipation is for the market to rally upward after it pulls back to the $0.08760 support level. The coin is expected to gather momentum to launch an assault on $0.106200 and its descending trendline.


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

Key Levels:
Supply Zones: $0.106200, $0.122000
Demand Zones: $0.08760, $0.080590
Learn2.tradeDEFCUSD dipped strongly after it clashed with the descending channel upper border on the 16th of July. It instantly spiked downward to the lower edge of the channel, which coincides with the $0.080590 support level. From here, the price is gaining strength and pushing upward. It has successfully broken the $0.087600 resistance and turned it into support to push further up.


DeFI Coin Price Forecast: DEFCUSD Market Prospects

The DeFI Coin has been confined to sliding down a channel. The coin has a strong layer guiding it on both sides as it slides down. The coin dips every time it reaches the upper border trendline.

Currently, the price has crashed to the lower end, which is equally very resistant. This coincides with the $0.08059 0 support level to give the market an immediate upward push.

The result is that the market has breached the $0.087600 price level and is now pulling back to it for support. The MA Cross (Moving Average) has crossed downward as a result. Another upward cross is expected as the coin keeps getting stronger.


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

The 15-minute chart also shows the same upward progress and that the price has touched down at $0.087600 as a support level, and the coin isn’t dwelling there. DeFI Coin intends to spring up from this level to surpass $0.106200.
DeFI Coin Price Anticipation: DEFCUSD Is Set to Rally After Dropping to a Support LevelAs the market is preparing to rally, the MA Cross has crossed to signal an upward direction of movement. The RSI (Relative Strength Index) is already rising, showing that it has gotten around the border of the overbought market. The immediate aim is to break through $0.106200 to rise higher.

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.