DeFI Coin Price Forecast: DeFI Coin Retraces to Fill up the Market Imbalance

DeFI Coin Price Forecast: June 20

DeFI Coin Price forecast is seeking to test the demand level at 0.09420. The demand zone is expected to prompt the purchase of more Defi Coin.
 

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

DEFCUSD significant Levels:
Zones of supply: $0.48000, $0.39800
Zones of demand: $0.28200, $0.094200
The injection of volatility on the DeFI coin on the 4th of May resulted in an ascension of the market price. The market rallied aggressively till it halted above $0.4800.
 

DeFI Coin Price Forecast: Market Outlook

The market pumped aggressively after a long period of silence on the 4th of May. The bulls had accumulated sufficient momentum to rally. The value of DeFI rose from the $0.09420 support level to $0.48000. The period of the rally was characterized by large daily ranges. The ATR (Average True Range) indicator revealed the intense volatility of the bull run. 
 
The market faced resistance at $0.4800. The MACD (Moving Average Convergence and Divergence) indicator signalled an oversold market. This initiated the retracement of the DeFI coin. The market’s volatility has continued to drop throughout the retracement. The bearish move has been sloppy since the 7th of May. 
 
The market left inefficient areas due to the speed at which the market ascended. The retracement of DeFI is filling up the market gaps. The market consolidated between the supply zone at $0.38900 and the demand zone at $0.28200. 
 

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

The DeFI coin bulls are set to resume as the market fills up the market inefficiencies. The inefficiencies in the market also rest above the demand zone at $0.09420.
Market inefficiencies are resting below the demand level at $0.28200. The market is expected to rally towards $0.28200 to fill up the market inefficiencies after testing $0.094200.

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