DeFI Coin Price Forecast- DeFI Coin Reveals Early Signs of a Bullish Reversal

DeFI Coin Price Forecast- June 27

DeFI Coin price forecast calls for a rise in market price towards $0.2270.

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

DEFCUSD significant Levels:
Zones of supply: $0.2270, $0.2750
Zones of demand: $0.1470, $0.1100

DeFI coin ascending market has swept the most recent high before the test of the demand level at $0.1100. This is a clear sign of a change in direction from bearish to bullish on the DeFI coin market.

DeFI Coin Price Forecast: Market Outlook

DeFI coin price action is showing multiple signs of a bullish reversal as the market has tested a demand zone at $0.1100. The market was already oversold at the test of the demand level. The demand level has prevented a further bearish move to the downside.

The medium-term Moving Averages (periods twenty and fifty) have crossed the long-term moving averages (periods eighty-nine and two hundred) to signify a new uptrend. All the Moving Averages are resting below the hourly candles to support bullish action.

The market has soared above the previous demand level at $0.1470. The bulls are expected to rally aggressively towards the highs at $0.1470.

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

DeFI Coin five-minute chart shows that the market has risen through a bullish channel. The 5-minute candles have rested on the supporting trend line. The Moving Averages are currently crossing below the candles.

The lower time frame is also showing signs of bullish moves. The market is expected to break out of the ascending channel to rally towards $0.1470.

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