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FREE DEFI INDEX ANALYSIS UPDATE DEFI confirming strong bulli | My KuCoin Paradise🌴

FREE DEFI INDEX ANALYSIS UPDATE

DEFI confirming strong bullish sentiment

- Yello, ladies and gentlemen !

The initial Defi Index forecast came true and the price moved up towards the 8167 resistance. Moreover, Defi broke higher and on the pullback tested 8167 level, where resistance became the support.

Such price action leads us to the conclusion that the uptrend has been confirmed. During this month we expect Defi to continue rising, potentially by 25%. This is because the previous supply/demand area, which corresponds to the 61.8% Fibonacci retracement is located at 11473.

To summarise, we have been witnessing multiple confirmations of the beginning of the long-term uptrend. This should be very positive for the crypto market in the coming weeks/months.

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