DeFI Coin Price Forecast: DeFI Coin Maintains a Slow and Steady Uptrend Motion

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


DeFI Coin Price Forecast: July 27

The DeFI Coin price forecast expects the market to rise to the upper border of its descending channel to break through it. The coin has been trudging along upwards in a slow and steady manner.


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

DEFCUSD significant Levels:
Zones of Supply: $0.080590, $0.087600
Zones of Demand: $0.106200, $0.122000
DeFI Coin Price Forecast: DeFI Coin Maintains a Slow and Steady Uptrend Motion DEFCUSD suffered a dip around the $0.122000 price level on the 22nd of July after it attempted to break through the upper limit of its current descending channel. This led to a drop to $0.080590, coinciding with the channel’s lower border. Bulls have instantly resumed activity, and the price is now trudging toward the upper limit.


DeFI Coin Price Forecast: Market Outlook

DeFI coin buyers are seen to maintain persistence in putting an end to the bearish downtrend. This can be observed as the price always tries to restart an uptrend when it gets rejected at the resistance.

The latest example of the persistence of the bulls is that the price begins rallying immediately after the price is knocked down back to the support level. The market is now making a be-laboured move up again from the support level.

The EMA (Exponential Moving Average) remains present to lift the price, though the candles sometimes trade below it. The RSI (Relative Strength Index) line has plunged into oversold as the price drops back to the trendline. The price is expected to trade above the EMA period 50 again.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)

On the 15-minute chart, the price is trudging along its trend line. The coin is undulating on the trendline. The price has currently dropped slightly below the trendline and is rising again. The EMA period 50 has slid below the candles to push the price upward.
https://learn2.trade/defi-coin-price-anticipation-defcusd-is-ascending-towards-its-channel-borderlineThe Relative Strength Index indicator has its line approaching an overbought level. There is, therefore, more scope for upward movement. The market is predicted to keep rising toward a confluence point between $0.106200 and the upper border of the descending channel. When this confluence point is broken, the market will be free to drive higher.

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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

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.