DeFI Coin Price Forecast: DEFCUSD Seeks to Accumulate Bullish Momentum

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DeFI Coin Price Forecast – July 8

The DeFI Coin price forecast allows the coin to accumulate bullish momentum through consolidation between critical levels. While the $0.13890 resistance level limits the market, the $0.12960 support keeps the market up, leading to consolidation.

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

Key Levels:
Supply Zones: $0.14750, $0.1390
Demand Zones: $0.12960, $0.12200
DEFCUSD price action in recent times is characterized by much ranging phrases, both to the upside and the downside. The price ranged from the 29th of June to the 2nd of July before dipping to the $0.11330 support level. A short period of consolidation also ensued before the market took off towards $0.13890.

DeFI Coin Price Forecast: DEFCUSD Market Prospects

As the price springs from short consolidation at $0.11330, the market pulls back just below $0.12960. It touches down at $0.12200 before springing past the resistance level.

After breaking the $0.12960 resistance level, the coin reaches another resistance level that seems impenetrable at $0.13890. After testing the resistance, the price succumbs and pulls back to $0.12960.

If the strength of the buyers does not break the resistance for the second time, the market might be confined to consolidation to accumulate bullish momentum. The MA (Moving Average) period 50 climbs above the price as it drops to the support.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)

The 15-minute chart shows the continuous interaction of the candles with the support level. Bears are looking to take advantage of the price by pulling it through the $0.12960 support level. As a result, the MA period 50 is hanging above the candles. However, the bulls are very active and will instead make the price bounce in consolidation.
The coin is expected to find a foothold, from which it is expected to bounce back upward strongly. The Stochastic Oscillator lines, like on the 1hr chart, have also dropped into oversold, and a price reversal is imminent. When the bulls receive reinforcement, the market is expected to break beyond $0.14750.

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