DeFI Coin Price Forecast: June 2
The DeFI Coin price forecast for the test of the demand zone is positive. $0.2360 is expected to create a bounce just like the previous times.
DEFCUSD Long-Term Trend: Bullish (1-hour chart)
DEFCUSD Key Levels:
Demand level: $0.5590, $0.3780
Supply Level: $0.2360, $0.930
The DEFCUSD coin has formed a range between $0.3780 and $0.2360. The bulls are unwilling to let go as the demand zone is tested multiple times.
DeFI Coin Price Forecast: Market Outlook
DeFI coin experienced a rapid rise in value on the 4th of May, which left pockets to be filled as it ascended. The price was also supported by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators.
On May the 12th, the demand zone was tested. The bulls defended the demand zone. The market took off immediately from the support level. The bears similarly resisted the upward motion on Lucky Block. This resulted in the range that has formed since the 12th of May.
The demand level successfully protected $0.2360 on the 20th of May. There was consolidation at the demand level from the 19th of May till the 23rd, when the bulls emerged. The MACD and RSI are currently in oversold regions as the demand zone will be tested for the third time.
DEFC Medium-Term: Trend Bullish (15-minute chart)
On the 5 minute chart, the candles are gyrating through an expanding channel. A bullish breakout is anticipated from the channel, leading the market to the support level.
The bulls have shown an unwillingness to let go of the demand level at $0.0903. Therefore, the support level is expected to increase buying pressure to reach $0.3780.
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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