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DeFi Coin (DEFC) Price Targeting the $0.1450 Resistance Level

Johnathon Fox
06/24/2022 | UPDATED ON: 06/24/2022

Defi Coin Price Forecast: June 24
DEFCUSD price is poised to advance to the upside once it breaks the previous candle high at $0.1444; it is likely to go up towards the $0.1450 resistance value.

DEFC Price Statistics Data:
DEFC price now: $0.1417
DEFC market cap: $14.093M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #4292

Key Levels:
Resistance Levels: $01430., $0.1530, $0.1630
Support Levels:   $0.1349, $0.1249, $0.1149
DEFCUSD Long-term Trend: Bullish (1-hour chart) DEFCUSD Long-term Trend: Bullish (1-hour chart)
The price of DeFi Coin can be seen above the EMA-50, meaning that the pair is in an upward move in its long-term view.

The coin made it to a $0.1444 high-level today before the interference from the bears as the bulls aim to drag the market up to a significant level of $0.1450 high level.

In case the bulls try to increase their pressure, the resistance level of $0.1444 may be the target which may be a broken upside and the price increases to $0.1450 high level and beyond.

The stochastic indicator pointing downwards at around level 42% approaching the oversold region is telling us that the bearish move will soon end and the bull is set to move us up to a significant level of 0.1450 high level and beyond in the coming days in its long-term perspective.

DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)

DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)DEFCUSD May Likely Retest the $0.1450 Resistance Level
The market value of DeFi Coin on the lower time frame (15 minutes) is in a downward move. The market value of the pair at a $0.1416 low level can be seen below the moving averages.

Meanwhile, the momentum indicator at around level 17% shows that the price is in the oversold region, meaning that a breakout by the bulls is imminent so we expect the price distribution to reach a $0.1450 high level sooner as the market turns bullish very soon in its lower time frame.

You can purchase DeFi Coin here. Buy DEFC

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « USDCHF Begins a Fresh Consolidation Session Above the 0.95950 Key Level
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