DeFI Coin Price Forecast: DeFI Coin Experiences Market Structural Shift

Updated:

DeFI Coin Price Forecast: May 27

The DeFI Coin price forecast is for a bullish reversal above $0.2860 to aim for the recent highs at $0.3920.


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

DEFCUSD Key Levels:
Supply Zones: $0.5020, $0.3920
Demand Zones: $0.2860, $0.2320
DeFI Coin Price Forecast: DeFI Coin Experiences Market Structural ShiftDEFCUSD coin has revealed the will of the bulls to continue ascending. The bullish trend line provided support at $0.2860 to facilitate the buying of DEFC.


DeFI Coin Price Forecast: Market Outlook

A bullish trend line has been anchored at the initiation of the bullish trend on the 4th of May. The market rallied till the 7th of May. On the 7th, there was a structural market shift to confirm the correction phase of the market after the impulse. There was a double break in the structure to the downside on the 12th of May.

DEFC coin retracement experienced a significant reaction at the $0.2860 level on the 12th of May. The level was seen to slow down the bullish run within the three-day rally from the 4th of May to the 7th of May.

The major level at $0.2860 has prevented further retracement of the price since the 12th of May. The significant level has been tested twice. The first test led to the rapid bounce of the level. The second test occurred as consolidation from the 19th to the 21st of May.


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

The tussle between the buyers and sellers, which led to the consolidation at $0.2860, was eventually won by the bulls. The Moving Average Period of eighty-nine crossed to the upper side of the Moving Average Period of two hundred on the 21st of May. The buying pressure caused the market to ascend to $0.3920. The bullish trend line was anchored at $0.2860 for a continuation of the bullish trend.
DeFI Coin Price Forecast: DeFI Coin Experiences Market Structural ShiftThe 15-minute chart clearly shows the structural shift after the market reached the demand zone at $0.2860. The ascending trend line will prompt more buying pressure upon the third touch. The market is expected to ascend back to the previous high at $0.3920.

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.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.