DeFI Coin Price Forecast: DeFI Coin Is Set for a Bullish Breakout

Updated:

DeFI Coin Price Forecast: June 9

DeFi Coin Price forecast is bullish. The market has experienced a bullish breakout from the descending channel.


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

DEFCUSD significant Levels:
Levels of resistance: $0.3920, $0.3760
Levels of Support: $0.2960, $0.2830
DeFI Coin Price Forecast: DeFI Coin Is Set for a Bullish BreakoutThe market price rose to $0.3920 on the 26th of May. The DEFCUSD coin bounced back and forth through a descending channel to reach the support level.


DeFI Coin Price Forecast: Market Outlook

The market reached the support level at $0.2830 after the Moving Averages period eighty-nine crossed below the Moving Average period two hundred. The demand level prevented bears from pushing through.

The demand level at 0.2960 was tested multiple times. There was a breakout of the descending channel on the 6th of June. There was a retest to foster the bullish run on the 7th of May. The Moving Averages have crossed below the current intraday candles.

The market has ascended through an ascending triangle. The market is expected to break out to reach for the $0.3760 supply zone.


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

The Moving Average period two hundred supports the bullish market. The Moving Averages on the hourly time frame correlate with the Moving Average on the 15-minute chart.
DeFI Coin Price Forecast: DeFI Coin Is Set for a Bullish Breakout The bullish structural shift above the support level is prominent in the 15 minute time frame. The market is expected to violate the ascending triangle to reach for resistance at $0.3760.

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.