DeFI Coin Price Forecast: DEFC Bulls Defend Demand Zone at $0.2320

Updated:

DeFI Coin Price Forecast: May 24

The DeFI Coin price forecast is ascending as the bulls regain control at $0.4730.


DEFCUSD Long-Term Trend: Bullish (1 hour chart)

DEFCUSD Key Levels:
Supply Zones: $0.5650, $0.4730
Demand Zones: $0.3730, $0.2320
https://learn2.trade/defi-coin-price-forecast-defc-bulls-defend-demand-zone-at-0-2320DEFCUSD coin has changed market direction at the $0.2800 demand zone. The market pumped rapidly from the $0.2800 support level to the resistance at $0.5650.


DeFI Coin Price Forecast: Market Outlook

The bullish surge from the demand zone at $0.2800 on the 6th was a continuation of the rally from the previous day. The market correction was initiated on the 7th of May. The Moving Average cross-signed the beginning of the bearish retracement.

There was a bearish breakout from a descending channel. The bulls are anticipated to go long at demand levels to further the bullish run.

The market tapped the $0.2800 demand level. A bounce off the demand level has been spotted.

DEFC Medium-Term Trend: Bullish (5-minute chart)


The market stopped respecting the bearish trend line as the market tapped the demand level. The market eventually broke through the major level at $0.3700.
https://learn2.trade/defi-coin-price-forecast-defc-bulls-defend-demand-zone-at-0-2320The market is expected to attack the next major level at $0.4730. The bullish trend has been restored with the support received at $0.2800

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.