DeFi Coin Price Forecast: May 10
The DeFi Coin has continued to make an upward move but battles level $0.5632. Buyers made a pulled back which was well supported at $0.4500 price level.
DEFCUSD Long-Term Trend: Bullish (1 hour chart) – Battles Level $0.5632
Key Levels:
Supply Zones: $0.5000, $0.4000, $0.3000
Demand Zones: $0.1000, $0.2000, $0.2500
Following the recent rebound on May 4, the DeFi Coin price has been making a series of higher highs and higher lows. The price upward move was interrupted at the resistance of $0.5632 on May 6. Nevertheless, for the past four days, the market has been in a sideways move. Precisely, the DeFi Coin has been in a range-bound move between $0.4300 and $0.5632 price levels. The direction of the market is bullish and buyers will attempt to overcome the initial resistance and resume the uptrend. A break above the current resistance levels will catapult the coin above the $0.6000 high. It is unlikely sellers will attempt to break the current support as buyers continue to dictate the bullish move.
DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)
DEFUSD is in a downtrend after the initial rejection at the high of $0.5000 as it battles level $0.5632 . The DeFi Coin made an upward correction which was terminated at $0.4751. For the past 48 hours, the price has been stable between $0.4751 and $0.5000 price levels. It is expected in a couple of days to come that buyers would regain bullish momentum. The DeFi Coin will attain the targeted price above the $0.6000 price level if the bulls overcome the resistance at levels $0.4751 and $0, 5000.
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