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

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
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.
The 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.

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