DeFI Coin Price Forecast – DeFI Coin Rises Through Ascending Channel 


DeFI Coin Price Forecast – July 26

DeFI Coin price forecast is bullish. The market is currently ascending to fill the market inefficiency caused by the recent displacement toward the demand level.

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

Major Zones:
Supply Zones: $0.1250, $0.0950
Demand Zones: $0.0890, $0.0800

DeFI Coin Price Forecast - DeFI Coin Rises Through Ascending Channel 

DeFI coin initiated a buy-side delivery from the demand level at $0.0800. The market is rising to cover the gap formed on the 17th of July.

DeFI Coin Price Forecast: Market Outlook

The bulls launched from the demand level on the 17th of July from the demand level at $0.0800. The RSI (relative Strength Index) and the Stochastic indicator indicated the market was oversold on the 17th of the month. This led to the rise in the buying pressure of the DeFI coin.

DEFCUSD market value of the coin has been rising since the test of the demand level at $0.0800. The bullish reversal led to the rise in the market price of the DeFI coin to $0.0905. The midline of the Bollinger Bands rested below the intraday candles till the supply level was reached. An ascending channel is seen to guide the price action to fill up the market inefficiency below $0.1250.
The market has rested on the support level at $0.0890. The support level aligns perfectly with the supporting trend line of the ascending channel. The cross of the supporting level and the ascending channel has formed a bullish confluence. This is expected to aid the upward move of the DeFI coin. The Stochastic indicator, as well as the RSI, are currently oversold. This is expected to help the bulls gather sufficient momentum to push higher.    

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

The market is expected to continue the upward move from the bullish confluence at $0.0890. The market inefficiency below $0.1250 has been filled halfway. 
DeFI Coin Price Forecast - DeFI Coin Rises Through Ascending Channel The market is expected to close the gap caused by the impulsive move on the 17th of July. This market is expected to rise to $0.1250.

You can purchase DeFi Coin here: Buy DEFC

Note: 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.