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DeFI Coin Price Forecast- June 28
DeFI Coin price forecast remains bullish since the change in market direction at $0.1102.
DEFCUSD Long-Term Trend: Bullish (1-hour chart)
DEFCUSD significant Levels:
Zones of supply: $0.22700, $0.20360
Zones of demand: $0.14800, $0.11020
DeFI coin has formed a bullish flag, which is set to increase the buying pressure on the coin. The market is set to break out of the consolidation resting above the key level of $0.1480.
DeFI Coin Price Forecast: Market Outlook
DeFI coin has experienced a shift in the market structure from bearish to bullish at the $0.1102 demand level. The market tapped the demand level on the 19th of May. The Moving Averages period nine crossed above the Moving Averages period twenty-one to signify the beginning of a new bullish trend.
The market has rallied beyond the $0.1480 demand level. Higher highs and higher lows were formed as the market ascended on the bullish trend line. The Parabolic SAR (stop and reverse) gave early signs of a bullish reversal, with points forming beneath the 30-minute candles after the test of the demand level.
The market is currently in an accumulation phase above the $0.1480 demand level. The Parabolic SAR is forming on both sides of the candles. The Moving Averages are currently crossing sideways to show the consolidation above the demand level. The DeFI coin is set for a bullish breakout.
DEFC Medium-Term: Trend Bullish (15-minute chart).
A descending triangle has formed above the $0.1480 demand level. The market is set for a breakout of the descending triangle on the five-minute chart.
A bullish surge is expected to defy the market consolidation. The market is expected to rally to the resistance level at $0.2270.
You can purchase DeFi Coin here: Buy DEFC
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