DeFi (DEFI) Receives a Very Bullish Rating Monday: Is it Time to Get on Board?

DeFi (DEFI) Receives a Very Bullish Rating Monday: Is it Time to Get on Board?

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Monday, March 11, 2024 05:49 PM | InvestorsObserver Analysts

DeFi (DEFI) Receives a Very Bullish Rating Monday: Is it Time to Get on Board?

DeFi (DEFI) gets a very bullish rating from InvestorsObserver Monday. The crypto is up 22.6% to $0.2736934547 while the broader crypto market is up 4.2%.

Sentiment Score - ,

DeFi has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DeFi!

Very Bullish

Over the last five days, DeFi has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of DeFi over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

DeFi is currently trading near its five-day high of $0.273904284859669. The crypto is 0.08% off its five-day high and is 37.04% higher than its five-day low of $0.199715793132782.

DeFi price is currently above resistance. With support set around $0.216595593637802 and resistance at $0.23364422077594, DeFi is potentially in a volatile position if the rally burns out.

DeFi has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency’s blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on DeFi

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