Defi Coin Price Forecast: Defi Coin Approaches Resistance at a Level of $0.1240

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DeFI Coin Price Forecast – June 23

DeFI Coin price forecast is calling for the bulls to strike the resistance level at $0.1240. The market has ascended to fill up the market inefficiency created on the 17th of the month.

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

DEFCUSD significant Levels:
Zones of supply: $0.1240, $0.0950
Zones of demand: $0.1440, $0.0800

DeFI Coin Price Forecast: Market Outlook

DeFI Coin market was in the oversold region on the 17th of the month. The Stochastic indicator was in the oversold region after a bearish move from $0.1240. The demand level at $0.0800 stopped the bearish move and prompted a bullish reversal. The Parabolic SAR (Stop And Reverse) Indicator signaled the initiation of a bullish trend in the one-hour timeframe. The market’s structure from the demand zone has formed a bullish trend.

The market created a large area of market inefficiency on the downward move. The resistance level at $0.1240 has a strong pull on price to fill up the gap created on the 17th of July. Higher highs and lows have been formed since the test of the demand level at $0.0800.

The market formed a rising wedge after the bulls’ pressure caused the market to rise to the demand level. There was a breakout on the 27th of July from the rising wedge . A bullish parallel channel is currently leading the market to the resistance level at $0.1240.

DEFC Medium-Term: Trend Bullish (15 minute chart).

The market has bounced on the lower border of the ascending channel. This is expected to increase the bullish momentum towards the next resistance level.
The bullish run has closed a larger area of the market’s gap. The market is expected to strike $0.1240.

 

You can purchase DeFi Coin here: Buy DEFC

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