DeFI Coin Price Forecast: Bullish Divergence on DEFC to Set Buyers in Motion


DeFI Coin Price Forecast: May 20

The DeFI Coin price forecast is a bullish reversal at the $0.2320 demand level. A bullish divergence indicates the beginning of a shift in the market’s delivery. 

DEFCUSD Long-Term Trend: Bullish (30-Minute chart)

Key Levels:  
Supply Zones: $0.5650, $0.4730
Demand Zones: $0.3730, $0.2320
DeFI Coin Price Forecast: Bullish Divergence on Defc to Set Buyers in MotionDEFCUSD coin volatility has reduced significantly, showing the weakness of the bears in the retracement phase. The very small gaps reveal the bears’ exhaustion as the market corrects.

DeFI Coin Price Forecast: DeFI Coin Outlook

DEFC was revived as May started with the bulls taking the lead. The average true range peaked with significant highs, revealing the strength and volatility of the bullish run. 
On the 7th of May, the bulls were faced with a new resistance at $0.5630. The impulsive run which had lasted for a few days was brought to a temporary pause.
The volatility of the market was reduced significantly as the market gyrated in the correction phase. The Average True Range seems to be moving sideways since the 18th of May. This is an early sign of bear exhaustion as the market approaches the $0.2320 support level. 

DEFCUSD Medium-Term Trend: Bullish (5-Minute Chart):

DEFCUSD bullish divergence is prominent on the 5-minute chart as the market reaches the demand zone.
DEFC has made a lower low as the Relative Strength Index (RSI) has made a higher low. This is expected to present a bullish reversal at the $0.2320 support zone. The bulls are likely to take advantage of the support level to ascend to $0.3730.
You can purchase DeFi Coin here: Buy DEFC

Note: 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

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.