Defi Coin Price Forecast: DEFC Makes Impressive Moves but Battles the Resistance at $0.3269

Defi Coin Price Forecast: June 8
After June 1 price slump, DEFC declined to the low of $0.2957 as it battles the resistance at $0.3269. The cryptocurrency has regained bullish momentum as it reaches the high of $0.3252 at the time of writing.

DEFC Price Statistics Data :
DEFC price now – $0.3239
DEFC market cap – $3,772,253
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $32,463,806
DEFC Coinmarketcap ranking – #5793

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 1, the Defi Coin made an upward move to resume its uptrend. In previous price action, the cryptocurrency has been fluctuating between the moving averages. Precisely, on May 19, the coin plunged below the 21-day line SMA and commenced a sideways move. DEFC/USD has been trading below the 21-day line SMA but above the 50-day line SMA. Today, a bullish candlestick has been retesting the 21-day line SMA to break above it. On the daily chart, if the bulls break above the 21-day line SMA and bullish momentum is sustained, the cryptocurrency will resume upside momentum. On the 1-hour, the price bars are above the moving averages, indicating a further rise of the coin.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)- It Battles the Resistance at $0.3269

In the lower time frame, the Defi Coin has shown signs of an upward move but it battles the resistance at $0.3269. The 21-day line SMA and the 50-day line SMA are sloping upward indicating the uptrend. Also, the price bars are above the moving averages indicating a further upward movement of the coin.