DeFI Coin Price Forecast: DEFCUSD Continues Unresisted Rally

Updated:

DeFI Coin Price Forecast: May 6

The DeFI Coin price forecast is extremely bullish as all resistance has failed to hold. The market was extremely silent just before the bulls suddenly caused significant volatility in the market.


DEFCUSD Long-Term Trend: Bullish (30-Minute Chart)

Key Levels:
Supply Zones: $0.480, $0.400
Demand Zones: $0.230, $0.150
DeFI Coin Price Forecast: DEFCUSD Continues Unresisted RallyDEFCUSD volatility was very low due to the breakeven between the buyers and the seller. The bulls went long from the demand zone at $0.150. The momentum of the bulls caused the market to ascend to $0.230.


DeFI Coin Price Forecast: LBLOCK/USD Outlook

There was more accumulation at $0.230. There was no significant retracement in the market. The market moved sideways continuously until there was significant displacement from $0.230.

The Moving Average period nine crossed the Moving Average period twenty-one to the upside. At the same time, the Moving Averages period eighty-nine and two hundred were still resting below the daily candles. The confluence of the multiple Moving Averages caused a surge to $0.480.

The price action on the intraday chart has resulted in an expanding channel. The demand zones are holding on as the supply zones are failing.


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

DEFCUSD is currently in a correction phase after the bullish surge that temporarily seized at $0.480.The Moving Average period eighty-nine is still resting above the Moving Average period two hundred. This signifies that the bullishness of the market is still intact.
DeFI Coin Price Forecast: DEFCUSD Continues Unresisted RallyThe retracement of DEFCUSD is expected to gather bullish momentum to break out of the daily high at $0.480. The size of the bearish candles in the current retracement shows that the bears are extremely weak.

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.