DeFI Coin Price Forecast- June 23
DeFI Coin price forecast is bullish as the demand zone at $ 0.0950 is still protected by the bulls.
DEFCUSD Long-Term Trend: Bullish (1-hour chart)
DEFCUSD significant Levels:
Zones of supply: $ 0.50690, $ 0.3930
Zones of demand: $ 0.0950, $ 0.2850.
DeFI coin bullish impulse was initiated at $ 0.0950 during the first week of May. The market rallied to the resistance level at $ 0.5600.
DeFI Coin Price Forecast: Market Outlook
DeFI impulsive leg was paused at $ 0.5060. The Average Directional Index rose with the price to reveal the strength of the bullish run. This resulted in a correction phase in the market to complete a wave circle. The price moved back and forth between $ 0.5069 and $ 0.3930. The MACD signified an overbought market just before the initiation of the consolidation.
The correction phase gave way to another impulsive phase. The price dropped from $ 0.3930 to $ 0.2840. After the impulsive move in price, the market entered into a consolidation.
The price is currently closing in on the demand level at $ 0.0950. The market has entered a new accumulation phase just above the demand level.
DEFC Medium-Term: Trend Bullish (15-minute chart).
DeFI Coin market’s range above the $ 0.0950 demand level is reflected on the MACD (Moving Average Convergence and Divergence). The lines of the MACD are crossing sideways on the 15-minute chart.
The accumulation phase is expected to result in a bullish distribution phase. The market is expected to rally to the key level at $ 0.2850.
You can purchase DeFi Coin here: Buy DEFC
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