DeFI Coin Price Forecast- DeFI Coin Is Set to Take Off From Its Current Level of Demand

Updated:

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 Price Forecast- DeFI Coin Is Set to Take Off From Its Current Level of DemandDeFI 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.
DeFI Coin Price Forecast- DeFI Coin Is Set to Take Off From Its Current Level of DemandThe 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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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.