DeFI Coin Price Forecast: DEFCUSD Continues Unresisted Rally
Login

DeFI Coin Price Forecast: DEFCUSD Continues Unresisted Rally

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

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 Rally DEFCUSD 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 Rally The 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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News