DeFI Coin Price Forecast- DeFI Coin Makes a Bullish Reversal in a Major Demand Level

DeFI Coin Price Forecast- July 5

DeFI Coin price forecast is bullish. The market is rising to fill up the market inefficiency formed due to the surge towards the major demand level at $0.1100.

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

DEFCUSD significant Levels:
Zones of supply: $0.1590, $0.1460
Zones of demand: $0.1210, $0.1100
DeFI coin has initiated a new buy-side delivery of the market with a bullish structural market shift. The market has reversed at the $0.1100 demand level to cover up the fair value gap in the market.

DeFI Coin Price Forecast: Market Outlook

DeFI coin’s bullish run was initiated on the 19th of June with a bullish structural market shift. The market created a large range of sell-side inefficiencies towards the demand zone at $0.1100. The market ascended after a change of character above $0.1210. This led to a series of higher highs and lows that led to the supply level at $0.1460.

The market has created buy-side liquidity resting above $0.1590. There was resistance at $0.1590, which led to a structural market shift. The market descended towards demand levels. There was short-term consolidation from the 29th of June to the 2nd between $0.1460 and $0.1210. This led to a liquid sweep before a displacement to $0.1160.

The Moving Averages period nine has crossed the Moving Average period twenty-one to the upside. The market is currently in a rally to fill up the market inefficiency.

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

On the 5-minute chart, the market is rising through a bullish channel. The market has almost filled the area of inefficiency.
The market is expected to seek liquidity from previous highs. The market is likely to rally to $0.1460.

 

You can purchase DeFi Coin here: Buy DEFC

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