DeFI Coin Price Forecast: DEFCUSD Correction Phase Will Likely End at Major Demand Levels

Updated:

DeFI Coin Price Forecast- June 14

DeFI Coin Price forecast calls for new highs as the correction phase reaches demand levels.

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

DEFCUSD significant Levels:
supply zones: $0.5640, $0.4950
Demand zones: $0.1530, $0.9660

DEFCUSD coin shot up in the market price on the 4th of May. The market was oversold on the Stochastic indicator before the shoot-up of DEFCUSD. The bears attempted to drive the market low at $0.4840 but failed. The price eventually rose to the supply level at $0.5640. The surge in the price of DEFC lasted for two days.

DeFI Coin Price Forecast: Market Outlook

DeFI Coin market faced resistance at $0.5640, which resulted in the retracement of DeFi. The retracement was initiated after the bullish impulse. The Stochastic indicator signified that the market was ready for a sell-off, resulting in a shift in market structure at the $0.5640 resistance level.

The market crashed below the supply zone at $0.4840. A purge in the price was caused by the retest of the key zone at $0.4840. The market moved sideways between the supply zone at $0.4840 and the demand zone at $0.1530.

The market’s volatility reduced significantly as the market’s correction phase was initiated. The market is currently in a good area to buy, below the $.0.786 level on the Fibonacci. The buyers can utilize the demand level to go purchase DEFC coins.

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

The price has dropped to a very close range around the $0.1530 demand level. The support zone is far enough from the premium price for the bulls to be active.

DeFI Coin Price Forecast: DeFI’s Correction Phase Will Likely End at Major Demand LevelsA bullish structural shift is expected in the demand zone. The price is expected to rise to the next major level at $0.4840. DeFI Coin Price Forecast: DeFi’s correction phase will likely end at major demand levels.


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.