Defi Coin Price Forecast: June 16
DEFCUSD may likely reverse to the upside if the current price at the $0.1600 low level holds. $0.1795 may be the target.
DEFC Price Statistics Data:
DEFC price now: $0.1600
DEFC market cap: $15.81M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6948
Resistance Levels: $0.1660, $0.1760, $0.1860
Support Levels: $0.1545, $0.1445, $0.1345
DEFCUSD Long-term Trend: Bullish (1-hour chart)
DeFi Coin is in a bullish trend on the 1-hourly chart. The pair has reached the $0.1661 resistance level as the 1-hourly chart opens today after which the coin started ranging and dropped to the $0.1600 support level.
However, with this trend, traders may buy the coin at a low price and move the market higher.
The market price of DEFCUSD trading above the moving averages suggests that the bears are getting weaker and the bulls are set now to take us up to a significant level of $0.1795 in the nearby days in the long-term perspective.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC Price May likely reach $0.1795 High-Level Soon
The market value of DeFi Coin on the lower time frame (15 minutes) at $0.1600 is seen above the moving averages. This will enable the price to rise further in no long time. Traders may use this opportunity to buy the coin at a cheaper rate as the market turn bullish in the coming days.
DEFCUSD having reached the oversold region indicates that bulls are coming soon to change the trend of the market to a significant level and in this case, the $0.1795 high level may be the target in its lower time frame.
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