DeFI Coin Price Forecast: DEFCUSD Bulls Continue Active Market Engagement

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DeFI Coin Price Forecast – July 6

The DeFI Coin price forecast is for the bulls to keep driving the price higher after the market breakouts from consolidation. The price is predicted to reach $0.14750.

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

Key Levels:
Supply Zones: $0.16460, $0.14750
Demand Zones: $0.1317, $0.11330
DEFCUSD bulls have taken the first steps toward changing the price’s outlook. They won the battle of the market consolidation between the $0.11330 and $0.11770 key levels. Therefore, the coin broke out and is on a steady rise. The bulls have now breached the first resistance level at $0.13170. They now have the task of holding their level and rising further.

DeFI Coin Price Forecast: DEFCUSD Market Prospects

On the 29th of June, the bulls lost control of the market after they failed to hold above the $0.14750 fundamental level. Thus, the coin dipped into July. By the 3rd of July, the price had dropped below $0.1177.

DeFI bulls could not immediately enforce a reversal in the market as the $0.11770 level acts as resistance and remains unpenetrable. However, the bulls ensure the market will not drop below $0.11330 despite the pressure.

Bulls accumulate strength by which they break out from the consolidation and begin driving upwards. The EFI (Elders Force Index) power line has been pushed above the zero line. The bulls now have the upper hand in the market.

DEFCUSD Medium-Term Trend: Bullish (5-Minute Chart)

The 5-minute chart shows a steady rise in the market. However, just a little before reaching $0.13170, the price pulls back a little and, from there, push towards the $0.13170 resistance. This enables the DeFI Coin to breach this resistance.
The price breakout is reflected on the RSI (Relative Strength Index) line, which has shot into an overbought status. The bulls now have the task of stabilizing above this level to rise higher. The next target is $0.14750.

You can purchase DeFi Coin here: Buy DEFC

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