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DeFI Coin Price Forecast- June 23
DeFI Coin price forecast is bullish. The Moving Averages (of period nine and twenty-one crossed) have crossed above the support level at $0.1100 to signify a new bullish run.
DEFCUSD Long-Term Trend: Bullish (1-hour chart)
DEFCUSD significant Levels:
Zones of supply: $0.3830, $0.2850
Zones of demand: $0.1440, $0.1100.
DeFI coin was in consolidation from the 23rd of April until the 11th of May. There was an impulsive move away from the market range to seek support at the $0.1100 demand level.
DeFI Coin Price Forecast: Market Outlook
The market has moved in circles of impulse and correction to the demand level at $0.1100. The bulls faced resistance at $0.3930. The Moving Averages period nine crossed below the Moving Average period twenty at the resistance level.
The market was trapped between the major levels at $0.3930 and $0.2850. Lower highs and lows were formed within the market range. The market broke out to deliver the sell-side delivery on the 13th of June. The Moving Averages rested above the intraday candles.
The market appears to be in a bullish reversal phase. The cross of the Moving Average period nine above the Moving Average period twenty-one shows the bullish activity at the support level. The price of DeFI is likely to rise from the demand zone, which is at a relatively low price compared to the liquidity resting above $0.3930.
DEFC Medium-Term: Trend Bullish (15-minute chart).
The 15-minute chart shows a steady rise from the support level at $0.1100. The market has reached the previous demand level at $0.1440.
The market is expected to rally to attack buy-side liquidity. The clean high above $0.3930 is likely to be the next aim of the bulls.
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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