Defi Coin Price Forecast: June 11
DEFCUSD price action may increase to a resistance level at $0.3270 provided the bulls increase their momentum pressure on the coin.
DEFC Price Statistics Data:
DEFC price now: $0.3093
DEFC market cap: $30.93M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #4479
Key Levels:
Resistance Levels: $0.3200, $0.3300, $0.3400
Support Levels: $0.3100, $0.3000, $0.2900
DEFCUSD Long-term Trend: Bearish (1-hour chart)
On the 1-hourly chart, DeFi Coin is trading below the moving averages, which means that it’s in a bearish trend zone. In the previous hour, the cryptocurrency reached a high of $0.3207 in between the moving averages after which the bears took over the market.
Today, Defi Coin made a downward move to a $0.3103 low level shortly after today’s 1-hour opening. The sellers are manipulating the price at their disposal. This gives room for a more bearish impact on the market at the moment.
DEFCUSD is about to move up and it may be the time to buy soon as the stochastic indicator has reached the oversold region, meaning that the market value of the coin will soon experience a trend reversal and in this case an uptrend.
Therefore, if bulls should increase their price action, and bullish momentum is sustained, the cryptocurrency may definitely pump up to a significant level of $0.3207 and beyond in the long-term view.
DEFCUSD Medium-term Trend: Bearish (30-minutes chart)
Defi Coin (DEFC) Price Retesting the $0.3270 Resistance Level
The currency pair is trading in the bearish trend zone in its medium-term outlook. DeFi Coin market value at $0.3175 resistance level above the moving averages as the 30-minutes chart opens today affirms the presence of more bulls in the market.
The bulls lost momentum while the sellers in-road and dropped the price of the pair down to a low of $0.3107.
The price action at the moment at the $0.3127 resistance level below the moving averages indicates that the buyers are back into the market to take us higher.
In like manner, the momentum indicator shows the price signal is also moving upward in the market at around level 24% in the oversold region, this suggests that the bulls are set to take the price action up to a significant level of $0.3270 as we expect the traders to turn to the bullish market soon in the medium-term view.
You can purchase DeFi Coin here. Buy DEFC
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