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DeFI Coin Price Anticipation – July 20
The DeFI Coin price anticipation is for the market to continue recovering from its bearish blow on the 17th of July. The price continues to rise after breaking through $0.087600.
DEFCUSD Long-Term Trend: Bullish (1-hour Chart)
Supply Zones: $0.106200, $0.122000
Demand Zones: $0.080590, $0.087600
DEFCUSD is set about recovering its lost price levels after it plummeted three days ago from the $0.122000 resistance level, which coincided with the descending trendline. The market dip brought the price down to $0.080590, and it has started progressing upward. An initial jerk upward has helped the bulls break the immediate resistance at $0.087600. The coin keeps growing.
DeFI Coin Price Forecast: DEFCUSD Market Prospects
The price dipped to $0.080590, where it has restarted the process of recovery. The method by which the price is rising is to consolidate and jerk upward. This has helped the price break the $0.087600 supply line.
The price trajectory is now towards $0.106200, and the bulls aim to continue their trend in an upward motion.
The momentum indicator shows that, rather strikingly, the coin has returned to its momentum level immediately after its fall, despite the relatively slow and steady upward movement of the price.
DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)
The 15-minute chart also shows the same upward progress as the 1-hour chart. The coin is further using the $0.08760 price level to push upwards.
The momentum indicator, just like the 1-hour chart, shows an immediate recovery of the momentum of the price. Therefore, the market is back at its previous momentum level. The trajectory of the coin is now towards the $0.106200 supply 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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