DeFi Coin tests the supporting trend line

DeFI Coin Price Forecast – July 11

DeFI Coin price forecast calls for a bullish market reversal. The market has reached the supporting trend line at $0.1050.

DEFCUSD Long-Term Trend: Bullish (1hour chart)

DEFCUSD significant Levels:
Zones of supply: $0.1620, $0.1380
Zones of demand: $0.1150, $0.1050

DEFCUSD is currently in an oversold region. The market has created the third touch on the supporting trend line.

DeFI Coin Price Forecast: Market Outlook

The market was oversold on the 19th of June. The RSI (relative strength index) and the MACD (Moving Average Convergence Divergence) indicators were in the oversold region. The market rallied to the resistance level at $0.1620.

There was a shift in the market structure at the resistance level. The market descended again to the support level at $0.1150. A supporting trend line was anchored at the two lows. The market rallied to the resistance level at $0.1380.

The market has descended once again to the supporting trend line. The MACD (Moving Average Convergence Divergence) and the RSI (Relative Strength Index) are currently in the oversold region. This is expected to prompt bullish action at the support level.

DEFC Medium-Term: Trend Bullish (15-minute chart)

The 15-minute chart shows a clear liquidity void resting above the demand level at $0.1150. The MACD is in the oversold region.

The market is likely to draw up to the inefficiency above $0.1150. The market is expected to rally to the next resistance level at $0.1380.

You can purchase DeFi Coin here: Buy DEFC

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