Defi Coin Price Forecast: May 24
DEFC has encountered a price rebound as it poises for a fresh uptrend.The coin rebounded above $0.3000 support as it reached the high of $0.3837. Buyers are expected to push the coin to the previous high of $0.5668.
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DEFC price now – $0.3824
DEFC market cap – $4,475,480
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $38,212,545
DEFC Coinmarketcap ranking -#4421
Supply Zones: $0.5000, $0.4000, $0.3000
Demand Zones: $0.1000, $0.2000, $0.2500
DEFCUSD Long-Term Trend: Bullish (1-hour chart)
The Defi Coin has regained bullish momentum after retracing to the low of $0.2791. In the previous price action, DEFC rallied to the high of $0.5668 but reached an overbought region of the market. Today, the coin has resumed a fresh uptrend to revisit the previous high of $0.5668. On the upside, if the bulls breach the $0.5668 high, the market will rally to the $0.8000 price level. Nonetheless, the current uptrend is likely to face resistance at the $0.4800 and $0.5000 price levels. In the meanwhile, the coin is above the 80% range of the daily stochastic. It indicates that the market has reached the overbought region. It is doubtful if the uptrend will continue to the upside. In a strong trending market, the overbought condition may not hold.
DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – Poises for a Fresh Uptrend
DEFC price makes a series of higher highs and higher lows as it poises for a fresh uptrend . In the lower time frame, the market has fallen below the 20% range of the daily stochastic. The Defi Coin is trading at $0.3607 at the time of writing. The coin is likely to rise in the future to reach the previous highs of $0.5668 and $0.8000 price levels.
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