DeFi Coin Price Prediction – May 24
Defi Coin price may increase to the $0.4784 resistance level, and $0.5028 may be the target.
Resistance levels: $0.3550, $03650, $0.3750
Support levels: $0.2895, $0.2795, $0.2695
DEFCUSD Long-term Trend: Bullish (4H Chart)
DeFi Coin is in a bullish momentum as it moves above the $0.3471 resistance level. 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 bull’s increased momentum moves the market value of the currency pair up to the $0.3394 resistance level as the 4-hourly chart opens today.
.As an outcome of high bullish momentum, the buyers are hindering the market from smashing through the support zones. Therefore, if the bulls increase their activities in the market, the price tendency will move above the key levels.
The market value of DEFCUSD which has risen significantly to the $0.3530 resistance level above the moving averages is capable of rising further to the $0.5028 resistance level and beyond.
The pair is poised to advance to the upside as the momentum indicator also points upwards at around level 89%, therefore the pair is set to be stronger in the coming days and likely to go up to the $0.5028 significant level in its long-term perspective.
DEFC USD Medium-term Trend: Bullish (1H Chart)
Despite the interference of sell traders in the price flow, the 1-hour chart market shows a bullish race.
Defi Coin at $0.3471 resistance level as the 1-hourly chart opens today affirms the presence of more bulls in the market.
The buying pressure on the currency moves the price action to $0.3507 significant level above the two moving averages; this will enable the buyers to continue the upside moves.
However, we can expect a reversal before the bearish push to the $0.3394 support level.
However, the price of DEFCUSD pointing downwards on the price movement indicator at around level 73%, may hold the bullish race to a point after which the bulls take over, and we expect the price to continue its upward move to $0.5028 significant level in the future in the medium-term view.
You can purchase Defi Coin here. Buy DEFC