DeFI Coin Price Forecast: DEFC Coin Ascends From Demand Zone

Updated:

DeFI Coin Price Forecast: May 26

The DeFI Coin price forecast is towards continuing the bullish run as the market finds support at the $0.2770 demand zone.


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

DEFCUSD Key Levels:
Supply Zones: $0.5680, $0.4820,
Demand Zones: $0.3250, $0.2770
DeFI Coin Price Forecast: DEFC Coin Ascends From Demand ZoneDEFCUSD coin market has found strong support at $0.2770. The bulls are set to resume the ascending trend.


DeFI Coin Price Forecast: Market Outlook

The market price rose suddenly during the first week of May. The market soared rapidly for three consecutive days with almost no pause. The impulsive move eventually peaked at $0.4820.

DeFI coin bulls initiated retracement after resistance was met at $5.5600 to find support. The price of Defi eventually dropped slowly and gradually. The bulls tried to go long at $0.3250. The support was not strong enough. The market bounced off the demand level.

The momentum of the initial bullish move was not strong enough. The lower demand level helped to pause the retracement. The market tapped $0.2770, and the bulls successfully took off from the level.


DEFC Medium-Term Trend: Bullish (15-minute chart)

The demand zone at $0.2770 successfully prevented a further bearish move. The internal highs of the market structure have been swept.
DeFI Coin Price Forecast: DEFC Coin Ascends From Demand ZoneA retracement is currently anticipated on DeFI to seek discount prices for the bulls to go long. The market is expected to rise to $0.4820 after completing the lower timeframe retracement.

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.