DeFi Coin Price Prediction – May 17
Defi Coin price may continue its bullish movement if the 4-hourly candle closes above the $0.3547 resistance level, the resistance levels of $0.4784 and $0.5028 may be the target.
Key Levels:
Resistance levels: $0.3950, $0.4050, $0.4150
Support levels: $0.3298, $0.3198, $0.3098
DEFCUSD Long-term Trend: Bullish (4H Chart)
The momentum on the higher timeframes (4H) is starting to turn undeniably bullish. The lack of a bearish continuation is also distinctly seen in the chart. It seems that the bulls are about to take over and push us higher.
There are multiple possible targets at this point, but either way, the pair looks quite bullish here, so best to position ourselves accordingly and see how far this can go.
The market price of DEFCUSD at the $0.3421 resistance value is undeniably bullish as the 4-hourly session opens today.
The price action which has risen significantly to the $0.3502 resistance level above the EMA-9 is capable of rising further to $0.4784 and beyond.
A further downward is unlikely at the moment as the momentum indicator shows the price signal is also moving upward at around level 78 % therefore, we expect the price distribution of DEFCUSD to reach the $0.5028 significant level in the days ahead in its long-term perspective.
DEFC USD Medium-term Trend: Bullish (1H Chart)
The bulls are now progressing upward on the 1-hour time frame. The formation of a bullish candle at the $0.3474 resistance level as the 1-hourly chart opens today above the two EMAs affirms the bullish presence in the market.
The market price of DEFC continues its journey up north to the $0.3502 resistance level above the moving averages, now this makes it possible for the pair to remain on the upside.
Also, the price of DEFCUSD is pointing upward on the price movement indicator at around level 91%, so we expect the price to continue its upward move to $0.5028 significant level in the future as the traders turn bullish in the medium-term view.
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