Defi Coin Price Forecast: DEFC Makes a Sharp Rise as It Targets the $0.3000 High

Defi Coin Price Forecast: June 15

DEFC is in a downward correction as it targets the $0.3000 high. The cryptocurrency is likely to rise as it is above the moving averages. Besides, if the bulls keep the price above level of $0, 3000, DEFC/USD will be out of a downward correction.

C Price Statistics Data :
DEFC price now – $0.1627
DEFC market cap – $1,899,714
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply -$16,334,617
DEFC Coinmarketcap ranking – #5793

Key Levels:
Supply Zones: $0.3000, $0.4000, $0.5000
Demand Zones: $0.1000, $0.2000, $0.2500

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

On June 10, the bears broke below the moving averages, resulting in a further downward movement of the coin. On June 14, the downtrend subsided as the Defi Coin rebounded above the level of $0.1474. On the upside, if the bullish momentum is sustained, the market will rise to a level of $0.3000. An upside momentum will begin if price breaks above the resistance at $0.3000. That is, the Defi Coin will rise and revisit the previous high of $0.3869.On the other hand, if the bulls fail to break above the $0.3000 resistance, the altcoin will fall and later be compelled to a range-bound move between $0.1400 and $0.3000 price levels. The Defi Coin is below the 20% range of the daily stochastic. It implies that the coin is in the oversold region of the market. The oversold region will attract buyers to push the cryptocurrency upward.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – It Targets the $0.3000 High

The Defi Coin has rebounded as it targets the $0.3000 high. Unfortunately, the coin has risen to an overbought region of the market. Further upward movement of the coin is doubtful. However, in a strong trending market, the overbought condition may not hold.