DeFI Coin Price Forecast: Defi Coin Reaches Support at $0.1530

Updated:

DeFI Coin Price Forecast- June 15

DeFI Coin Price forecast is aiming for the minor resistance at $4.4840.

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

DEFCUSD significant Levels:
Supply zones: $0.5640, $0.4840
Demand zones: $0.1530, $0.9660
DeFI Coin Price Forecast: DeFi coin reaches support at $0.1530
DEFCUSD formed a minor resistance at $0.4840 and a major resistance at $0.5640 after the upthrust. The market has reached the first support level and is expected to soar towards previous highs.

DeFI Coin Price Forecast: Market Outlook

The market was overbought on the 7th of May. The Williams%R (William Percentage Range) was oversold, as was the MACD (Moving Average Convergence Divergence) indicator. The price reached above the $0.4840 minor resistance level. The major resistance at $0.5640 led to a repricing that caused the market to fall.

A falling wedge was formed between the 12th and the 21st of May. The market reached the equilibrium of the bullish swing from the demand level at $0.0960 and the supply level at $0.5640. There was a breakout to the upside from the falling wedge.

The market slowly crawled towards the support level on a new slope after the break-out from the falling wedge. The market has dipped into the support level at $0.1530. The MACD and WPR (Williams Percent Range) are already oversold in DeFI’s market.

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

Multiple accumulation phases are apparent on the fifteen-minute chart. The expansion to the demand level has dropped drastically.
DeFI Coin Price Forecast: DeFi coin reaches support at $0.1530
The market is expected to see some bullish support at $0.1530. The market is expected to rise to the minor resistance level at $0.4840.

You can purchase DeFi Coin here: Buy DEFC


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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.