DeFI Coin Price Anticipation: DEFCUSD Seeks an Exit Route From Its Descending Channel

Updated:

DeFI Coin Price Anticipation – July 22

The DeFI Coin price anticipation is for the market to be persistent in its intention to exit the descending channel in an upward direction. The coin will gravitate towards the upper frame again.


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

Key Levels:
Supply Zones: $0.106200, $0.122000
Demand Zones: $0.08760, $0.080590
DeFI Coin Price Anticipation: DEFCUSD Seeks an Exit Route From Its Descending ChannelThe DeFI Coin has been looking to undulate through a conduit since last month. The intention of the buyers to exit the structure is seen. Despite the aggressiveness of the bears in always driving the price down from the upper frame of the conduit, the market is always seen to rise again. Once more, market investors are rallying upward to exit the channel.


DeFI Coin Price Forecast: DEFCUSD Market Prospects

Bulls are working to regain their freedom of expression in the market. The $0.106200 significant level was initially used as support strength for the market. Hence the market seemed to rebound from that level when it dropped.

However, as the market was conducted downward, there was pressure on the price to break upward or downward. The bulls failed to exploit the situation, and the market slid downward.

Notwithstanding, the coin has now found an anchor level at $0.080590, from where it can gather strength for an offence. Hence, the EFI (Elders Force Index) power line shows the market is at equilibrium after a strong dip.


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

The 15-minute chart also shows progressive and steady upward movement from the bulls. The price has leapt off the $0.080590 support level and bypassed the next price level at $0.087600. Another spring off the $0.087600 level is now taking place to push the coin to a higher level.
DeFI Coin Price Anticipation: DEFCUSD Seeks an Exit Route From Its Descending ChannelThe uptrend of the price is despite the fact that the powerline of the EFI remains at equilibrium. The MA period 50 (Moving Average) has switched in support of the market, conducting the price upward through the conduit. The goal of the DeFI Coin will be to break through its former support level at $0.106200, at which it confluences with the upper frame of the channel.

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.