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
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.
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
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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