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DeFI Coin Price Anticipation – July 28
DeFI Coin price anticipation is for the coin to violate the upper border of its descending channel finally. The coin, however, has to break its confluence with the $0.106200 price level.
DEFCUSD Long-Term Trend: Bullish (1-hour Chart)
Supply Zones: $0.106200, $0.122000
Demand Zones: $0.08760, $0.080590
DeFI Coin finally makes its long-awaited move to break itself free from the confinement of its descending channel. Before now, the price has been accumulating close to the $0.087600 significant support level. This has happened for more than 10 days before the price surges upwards on the 27th of July.
DeFI Coin Price Forecast: DEFCUSD Market Prospects
DEFCUSD is taking another shot at recovering from the bearish state that has pervaded the market. Just as in previous cases, the market has risen to confront the upper border of the descending channel.
A period of consolidation occurred between when the price dropped and when the market surged. This happened close to the $0.087600 critical level. It started late on the 27th, causing the market to rally. By the 28th, the price has risen to the confluence zone.
By surging upward, the coin has stretched the upper Bollinger Band after it escapes the squeezing of the Bands. The MACD (Moving Average Convergence Divergence) also shows clear bullish events with strong green bars.
DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)
The 5-minute chart shows us that the price has risen to test the upper border of the descending channel. The first reaction to this zone is rejection. Hence the price is not able to find a headway past immediately. As a result, the MACD indicator has lines slipping below the zero level, accompanied by bearish histogram bars.
Notwithstanding, the bulls are expected to be persistent. DeFI Coin is anticipated to use the lower Bollinger Band as support to rally upward again. This will likely help the market defy the border resistance and also break the $0.106200 supply line. After price successfully does this, it will then reach for higher heights.
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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