DeFI Coin Price Anticipation: DeFI Coin Is Negotiating the $0.106200 Level

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DeFI Coin Price Anticipation – July 29

DeFI Coin Price Anticipation is for the market to make headway and break past the $0.106200 significant level (which coincides with the upper border of its descending channel).


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: DeFI Coin Is Negotiating the $0.106200 LevelDEFCUSD has spent the past one-week gathering strength in consolidation above the $0.08760 support level, gathering strength. The result is an upsurge to the $0.106200 resistance level. The price has not been given a free pass beyond the zone. Currently, the coin is negotiating the zone to rise beyond the level.


DeFI Coin Price Forecast: DEFCUSD Market Prospects

After several attempts, the price is making another attempt to violate the upper border of its descending channel. The barrier has been responsible for pushing the limit of the market lower and lower.

The market dropped after it touched the border on the 17th of July. Afterwards, the price began consolidating. Even though the price was ranging, it had a slight uptrend. By the 27th of July, the price surged up.

The MACD (Moving Average Convergence Divergence) has its lines shooting upward. But the coin has been denied an immediate free pass. DEFCUSD is now stretching the upper limit of the Bollinger Band.


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

On the 5-minute chart, the price has tested the confluence zone and dropped slightly. In doing that, the coin slides down the middle line of the Bollinger; then, it falls to the lower Bollinger Band. The market hopes to gain support from the lower Bollinger Band.
DeFI Coin Price Anticipation: DeFI Coin Is Negotiating the $0.106200 LevelThe Moving Average Convergence Divergence lines have dropped back to the zero level and beyond. Bearish histogram bars are seen. DeFI Coin is planning to retest the confluence zone to break through it. When it breaks through, the price will rise past the $0.1133 resistance 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.