DeFI Coin Price Forecast: DeFI Coin Finds Support at Swing Equilibrium

Updated:

DeFI Coin Price Forecast – May 30

The DeFI Coin price forecast is bullish. The bullish trend line has provided an opportunity for the bulls to ascend in the market.


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

DEFCUSD Key Levels:
Supply Zones: $0.3920, $0.3820, $0.3090
Demand Zones: $0.2790, $0.3090, $0.3270
DeFI Coin Price Forecast: DeFI Coin Finds Support at Swing EquilibriumDEFCUSD coin leapt off the support level at $0.2790. The major level was a turning point to resume the market’s ascending trend.


DeFI Coin Price Forecast: Market Outlook

The consolidation at $0.2790 revealed the tussle between the bulls and the bears. The Parabolic SAR (Stop and Reverse) formed points above and below the candles at the support level. The points formed last below the consolidation were signs that the bulls eventually pulled through.

The market broke the resistance at $0.3090 and shot up afterwards. The market rose to $0.3920, where it met resistance. The MACD (Moving Average Convergence Divergence) signified the market was oversold. The market changed direction to seek support.

The DEFC coin has retraced 50% of its swing at equilibrium. The bullish trend line has also provided support to continue the overall bullish move.


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

The 5-minute chart shows a breakout in the lower timeframe from the ascending channel. The 5 minute time frame shows the bullish confluence of the ascended trend line and the major zone at $0.3270.
The market has leapt off the supporting trend line at $9.003270. The market is expected to increase to $0.3820.

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.