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Defi Coin Price Forecast: June 23
DEFC is in a downtrend but has regained bullish momentum as it poises to reclaim $0.3000 high. Since June 17, the cryptocurrency has risen to the high of $0.1400. Today, the Defi Coin is struggling to break above the recent high
DEFC Price Statistics Data :
DEFC price now – $0.1432
DEFC market cap – $1,671,259
DEFC circulating supply – $14,333,016
DEFC total supply -11,674,835.00 DEFC
DEFC Coinmarketcap ranking – #4244
Key Levels:
Supply Zones: $0.3000, $0.4000, $0.5000
Demand Zones: $0.1000, $0.2000, $0.2500
DEFCUSD Long-Term Trend: Bullish (1-hour chart)
On June 19, the bulls broke above the moving averages, signaling the resumption of the uptrend. On June 22, Defi Coin rebounded above the $0.1277 support as it rallied to the high of $0.1400. The bulls have retested the recent high on three occasions but could not penetrate it. On the upside, the bulls have to battle the resistance at levels $0.1400 and $0.1500 to resume the up trend. Defi Coin will rally to the high of $0.3000 if buyers overcome the initial resistance levels. In May and June, the cryptocurrency was fluctuating between $0.3000 and $0.3500 price levels. In the meantime, DEFCUSD is trading at $0.1388 at the time of writing.
DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)
The Defi Coin has been fluctuating below the $0.1400 resistance zone as it poises to reclaim $0.3000. In the same vein, the price bars are above the moving averages indicating further upward movement of prices. The coin may decline if price breaks below the moving averages. In the meantime, the coin is above the 25% range of the daily stochastic. It indicates that the market is in a bullish momentum. The cryptocurrency is likely to resume upward.
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