DeFI Coin Price Forecast: DeFI Coin Breaks Out of Descending Channel
Login

DeFI Coin Price Forecast: DeFI Coin Breaks Out of Descending Channel

Estimated Reading Time: 2 minutes

Azeez Mustapha

Updated:

DeFI Coin Price Forecast: June 6

The DeFI Coin price forecast is ascending as the market violates the bear channel. The descending trend line above the intraday candles has failed to resist the upward movement of price.


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

DEFCUSD Significant Levels:
Resistance level: $0.3850, $0.3280
Support Level: $0.3560, $0.2950
DeFI Coin Price Forecast: DeFI Coin Breaks Out of Descending Channel The DEFCUSD coin intraday candles fell below the Moving Average period eighty-nine after the market retested the major level at $0.3800.


DeFI Coin Price Forecast: Market Outlook

The DeFI coin resistance level prevented further price ascension at $0.3800. There was a bearish structural market shift. The market touched the borders of the Bollinger bands at the resistance level. This facilitated the sell-off at the key level.

The market found temporary support at $0.3280. The lower bands of the Bollinger were struck at the same time the key level was hit. This caused the price to rise. The previous mitigation block was hit to resist the price rise. This led to the final sell-off on DeFI.

The market reached the demand level at $0.2950 as June opened. The demand zone was tested twice. The lower bands of the Bollinger gave further support. The candles leapt off the support level.


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

On the 15-minute chart, the intraday candles have broken the trend line, acting as the channel resistance. The candles have also risen above the Moving Average.
DeFI Coin Price Forecast: DeFI Coin Breaks Out of Descending Channel A retest is expected on the trend line. This is likely to add to the bullish momentum. The market is expected to rise to $0.3280.

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