Since bouncing at support at $0.11, DeFi Coin has traded as high as $0.16 – a 45% bounce from the lows. DEFC is now holding the $0.15 level.
Many altcoins are reacting well to Bitcoin recovering to over $21,000 – particularly Ethereum, Solana, Avalanche, Cosmos and many DeFi projects which also put in rallies this week.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.
DeFi Coin Price Action
Last week we noted DEFC had retested the support level it broke out from in early May and at the time had put in a 10% bounce to reach $0.12.
That price rally continued to the upside with DEFC now trading between $0.15 – $0.16.
On the more detailed DEFC live price chart via Coingecko’s Gecko Terminal, strong buying volume can be seen stepping in since June 22nd.
DeFi Coin has a low market cap so could easily put in further continuation to the upside if that buyer interest continues – if ETH and BTC hold above $1k and $20k selling pressure will also be low on altcoins.
Many crypto investors are opening positions on altcoins as ALT/BTC pairs help up well during Bitcoin’s brief crash to $17,600 and ETH hitting $880 – suggesting alts bottomed out before Bitcoin did.
Bitcoin dominance has also dropped over the past 7 days, signalling a potential altcoin season heading into July.
Related
DeFi Coin (DEFC) - Undervalued Project
- Listed on Bitmart, Pancakeswap
- Native Token of New DEX - defiswap.io
- Up to 75% APY Staking
- Whitepaper and DeFi Tutorials - deficoins.io
This article was written for Business 2 Community by Matt Williams.
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