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DeFI Coin Price Forecast- July 1
DeFI Coin price forecast is bullish. The market has continued the upward movement after retracing to the fair value gap.
DEFCUSD Long-Term Trend: Bullish (1 hour chart)
DEFCUSD significant Levels:
Zones of supply: $0.1650, $0.1570
Zones of demand: $0.1210, $0.1110
DeFI coin retracement from the supply level at $0.1520 has been halted. The bulls are long in the market with the support of the bullish trend line.
DeFI Coin Price Forecast: Market Outlook
DeFI coin ascended from the demand level at $0.1210 to the supply zone at $0.1520. The market was in consolidation from the 25th to the 29th of June, even as the bulls faced resistance at $0.1520. The momentum of the bullish trend dropped during the period of the consolidation. The Moving Averages for periods nine and twenty-one crossed sideways to reveal the range formed in the market.
The market eventually initiated a retracement of the bullish trend away from the consolidation to gather bullish momentum. The market descended through a creek to the bullish trend line. The bullish trend line was aligned perfectly with the fair value gap on the 30-minute timeframe.
The market has experienced a bullish structural shift above the demand level at $0.1210. The Moving Averages have crossed and changed direction to signify the continuation of the uptrend. The momentum of the bulls has increased with the change in the direction of the bullish trend line.
DEFC Medium-Term: Trend Bullish (15-minute chart).
On the 15-minute chart, there is a break in the structure to the upside. The bearish channel has been invalidated.
The Moving Averages are supporting a bullish move on the lower time frame. The market is expected to ascend to $0.1570.
You can purchase DeFi Coin here: Buy DEFC
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