DeFI Coin Price Forecast: DeFI Coin Lurks in a Bullish Accumulation Phase

Updated:

DeFI Coin Price Forecast: June 1

The DeFI Coin price forecast is positive as the bulls are currently in an accumulation phase in the market. A distribution phase is expected from the current accumulation.


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

DEFCUSD Key Levels:
Demand level: $0.2790, $0.3270, $0.3650
Supply Level: $0.3920, $0.3460, $3090
DeFI Coin Price Forecast: DeFI Coin Lurks in a Bullish Accumulation PhaseThe DEFCUSD coin motion has only shifted sideways since May 30th. The sideways movement has relatively higher lows as it shifts. The accumulation phase of the bullish distribution is forming at $0.3460.

DeFI Coin Price Forecast: Market Outlook

The bullish channel on the hourly chat shows the market trend on DEFI. The high at $0.3460 was swept to produce a new high on the 24th of May. This resulted in a change in the market’s direction from bearish to bullish.

The support level gave the bull a head-start to rally to create a higher high. The bulls rose to the $0.3920 supply level. The intraday candles shifted below the Bollinger Band Moving Average. At the same time, the MACD (Moving Average Convergence and Divergence) shifted from the oversold region.

The market has found support on the bullish trend line at $0.3270. The market has narrowed down into an ascending triangle since the test of $0.3270.


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

The MACD (Moving Average Convergence Divergence) is currently at equilibrium. The bands of The Bollinger have also closed in on the candles. This shows the accumulation phase of the bulls. The decreased size of the candles is a preparation for an impulsive move.
DeFI Coin Price Forecast: DeFI Coin Lurks in a Bullish Accumulation PhaseThe market’s volatility is expected to increase rapidly upon the breakout of the ascending triangle. The bulls are expected to soar to the border of the bullish channel. The significant level at $0.3650 is the next target in view.

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.