DeFI Coin Price Forecast: May 25
The DeFI Coin price forecast is very bullish. The rise of DeFI value is obvious with the delivery of price action.
DEFCUSD Long-Term Trend: Bullish (1 hour chart)
DEFCUSD Key Levels:
Supply Zones: $0.3930, $0.3680, $0.3500
Demand Zones: $0.3810, $0.3550, $0.3270
DEFCUSD coin market profile is trending. The strength of the bullish trend increased significantly on the 23rd of May. The Average Directional Index signifies that the ascending market trend has been very strong.
DeFI Coin Price Forecast: Market Outlook
The bulls increased the market’s volatility as the price rose significantly on the 23rd of May. Multiple pockets were left as the market rallied rapidly. Before May 23rd, the market’s volatility was very low, as signified by the Average True Range.
The Average Directional Index rose concurrently with the Average True Range. The volatility increased with the strength of the bullish trend. The bulls completely dominated the market space. The market was consolidated before the bullish volatility was injected into the market. Very small candles formed side by side on the 20th of May.
The Moving Averages with the lower periods (periods nine and twenty) were early to indicate the initiation of the bullish trend. The Moving Averages periods of eighty-nine and two hundred eventually confirmed the bullish trend.
DEFC Medium-Term Trend: Bullish (15-minute chart)
The market found resistance at $0.3500. The candles gyrated back and forth between $0.3500 and $0.3270. The bulls broke through the supply level on the third test of the level.
The bulls have ascended through an ascending parallel channel. The bulls launched at each support level to break the resistance above. The market has reached the resistance level at $0.3810. The bulls are expected to reach the resistance level at $0.3930.
You can purchase DeFi Coin here: Buy DEFC
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