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DeFI Coin Price Forecast: May 19
The DeFI Coin price forecasts the continuation of the bullish move with the aid of a support zone below equilibrium.
DEFCUSD Long-Term Trend: Bullish (1-hour chart)
Key Levels:
Supply Zones: $0.5650, $0.4730
Demand Zones: $0.3730, $0.2320
DEFCUSD has reached a significant support zone around $0.2320. The demand zone is currently below the 50% retracement level on DEFC.
DeFI Coin Price Forecast: DeFI Coin Outlook
Defi Coin experienced a massive displacement on the 4th of May. The bullish displacement injected volatility and motion into DEFC after a long period of inactivity.
The market soared to $0.5650. There was resistance to the bullish run at $0.4730. The bulls eventually broke the resistance on the 6th of May and reached the higher resistance level at $0.5650.
The Stochastic on the hourly chart is recovering from the oversold region. This is expected to prompt bullish action in the market.
DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)
The market is currently retracing after three days of a rapid bullish run. The support level is expected to aid the uptrend to continue the uptrend. DEFCUSD is reacting strongly at the support level.
The Parabolic SAR (Stop and Reverse) indicator is currently signaling the end of the retracement. Multiple points have formed below the recent candles on the 15-minute chart to show a likely reversal. The market is likely to attack the next highs toward $0.3730.
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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