DeFI Coin Price Forecast: DeFI Coin Lurks Accumulation Phase Before Likely Bullish Run

Updated:

DeFI Coin Price Forecast- June 17

DeFI Coin Price forecast is forming a range between $0.1670 and $0.1470. The range seems to be utilized by the bulls to acquire sufficient support for buy-side delivery of the market.

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

DEFCUSD significant Levels:
Zones of supply: $0.3300, $0.2760
Zones of demand: $0.1470, $0.1670.
DeFI Coin Price Forecast: DeFI Coin Lurks Accumulation Phase Before Likely Bullish Run
DeFI Coin market is currently in a correction phase after delivering the sell-side momentum. This is expected to lead to a bullish impulse towards $0.2760.

DeFI Coin Price Forecast: Market Outlook

The market gyrated sideways from the 7th to the 11th of this month. The market was in an accumulation phase to gain momentum for the bearish run. The candles rested below the supply zone at $0.3300. The Moving Averages period nine and twenty were seen to spread out as the market escaped the consolidation. The candles rested below the Moving Averages as the market dipped to $0.1470.

The sell-side delivery appears obvious with the new accumulation phase visible on the hourly time frame. The market revealed a sign of bullishness with a faint double bottom above the demand level at $0.1470. The price action between $0.1670 and $0.1470 is similar to the accumulation phase before the sell-side delivery. The bulls are also preparing to go long towards $0.2670 key level.

The Bollinger Bands have also pressed upon the intraday candles on the 30-minute chart. This is expected to lead to volatile bullish moves above $0.1670.

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

DeFI coin sell-side delivery contains fair value gaps, which are expected to be filled as the market price rises. The protected levels at $0.1670 and $0.1470 have temporarily trapped the market.
DeFI Coin Price Forecast: DeFI Coin Lurks Accumulation Phase Before Likely Bullish Run
DeFI coin is expected to break through $0.1670 to initiate the buy-side delivery. The market is expected to rally to $0.2760.


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.