DeFI Coin Price Forecast- DeFI Coin Reaches Trend Line Support Above the Demand Level

Updated:

DeFI Coin Price Forecast- June 29

DeFI Coin price forecast calls for a bullish breakout towards $0.1650.

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

DEFCUSD significant Levels:
Zones of supply: $0.1650, $0.1570
Zones of demand: $0.1210, $0.1110

DeFI Coin Price Forecast- DeFI Coin Reaches Trend Line Support Above the Demand LevelDeFI coin market has been ascending since the 19th of June. The market has ascended with the aid of a bullish trend line.

DeFI Coin Price Forecast: Market Outlook

DeFI coin has ascended on the bullish trend line towards the resistance level at $0.1570. The impulsive move that reached the demand level at $0.1210 created a wide range of market inefficiencies. On the hourly chart, a single bearish candle formed the majority of the move from $0.1570 to $0.1210.

DEFCUSD market reversed from bearish to bullish on the 19th of June. The upward movement of the market has filled up the market inefficiency created on the 17th of June. The market was well oversold at $0.1110. This led to the engagement of the bulls at the demand level. The market has formed higher highs and lower lows to reach the bearish trend line at $0.1570.

The market has formed a symmetrical triangle on the hourly chart. The Moving Average period eighty-nine has crossed above the Moving Average two hundred to signify a change in the market trend from bearish to bullish. The market is also currently oversold on the Stochastic, which means the bulls are expected to continue the ascending trend.

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

The supporting trend line of the symmetrical triangle has been reached. The bulls are expected to take off from this point to reach for higher prices.
DeFI Coin Price Forecast- DeFI Coin Reaches Trend Line Support Above the Demand Level Equal highs are currently resting at $0.1570. The bulls are expected to soar to the major level at $0.1650.

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.