Defi Coin Price Forecast: DEFC Retraces, Set for Upside Momentum

Defi Coin Price Forecast: June 1

Since May 7, DEFC has been in a downward move as it is set for upside momentum.The coin resumed selling pressure when it reached an overbought region at $0.5668. Today, the altcoin is trading at $0.2966 at the time of writing.

DEFC price now – $0.2973
DEFC market cap – $3,466,758
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $29,735,908
DEFC Coinmarketcap ranking – #5304

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)

The Defi Coin has fallen to the low of $0.3107 which is an oversold region of the market. The selling pressure has subsided as buyers emerge to push prices upward. There are bullish candlesticks above the $0.3100 support indicating that the coin will resume upward. In the previous price action,DEFC declined to the low of $.2846. On the downside, the current downtrend may reach the low of $0.2846 before the resumption of an upward move. On the upside, if buyers push the coin above the $0.4000 resistance, DEFC will regain bullish momentum.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)- Set for Upside Momentum

In the lower time frame, DEFC has fallen significantly into the oversold region but it is set for upside momentum. The support and resistance levels are not easily determinable. The coin has fallen to the low of $0.2966. The Defi Coin is consolidating above the current support