DeFI Coin Price Forecast: DeFI Coin Reveals Signs of Bullish Reversal

Updated:

DeFi Coin Price Forecast – June 13

DeFi Coin Price forecast is anticipating a bullish structural shift.

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

DEFCUSD significant Levels:
Levels of resistance: $0.5640, $0.4950
Levels of support: $0.1530, $0.9660
DeFi Coin Price Forecast: Defi Coin Reveals Signs of Bullish ReversalThe DEFCUSD coin increased in value rapidly on the 4th of May. The market was oversold before the shoot-up of DEFCUSD. The market ascended to $0.5640 after facing resistance at $0.4840. The bullish rally was extremely volatile for the two consecutive days that the value of the DeFi coin increased.

DeFI Coin Price Forecast: Market Outlook

The supply level at $0.5640 resulted to the retracement on DeFi after the expansion. The Relative Strength Index signified that the market was already over-bought. This resulted in a bearish market reversal at the $0.5640 supply zone.

The market dipped below the resistance level at $0.4840. A selloff was triggered at the retest of the key level at $0.4840. The market consolidated between the resistance level at $0.4840 and the support level at $0.1530.

The small-sized candles have revealed the drop in the market volatility since the retracement began. The market is currently at a discount below the 0.786 level on Fibonacci. The bulls have the opportunity to go long at very cheap prices.

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

The market is very close to the $0.1530 demand level. The demand level is at a deep discount for the buyers.

DeFi Coin Price Forecast: Defi Coin Reveals Signs of Bullish Reversal
A bullish reversal is anticipated at the support level. The price is expected to pump towards $0.4840 major level.

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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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.