DeFi Coin Price Forecast: July 12
DEFCUSD may likely reverse to the upside if the current price at the $0.1142 low level holds. The $0.1350 resistance level may be the target.
DEFC Price Statistics Data:
DEFC price now: $0.1144
DEFC market cap: $11.84M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #4517
Resistance Levels: $0.1200, $0.1300, $0.1400
Support Levels: $0.1100, $0.1000, $0.0900
DEFCUSD Long-term Trend: Bearish (1-hour chart)
DeFi Coin is in a bearish trend in its long-term perspective. In previous price action, the cryptocurrency has been moving in an upward direction.
The coin, however, made an upward move to the $0.1160 resistance level to resume its uptrend as the 1-hourly chart opens today.
The market price of DEFCUSD at a $0.1144 high level at the moment which is below the moving averages suggests that the bears are getting weaker and the bulls are set now to take us up to a significant level.
Hence, more upside is certain as the price signal is below the 20% range of the daily stochastic in the oversold region.
We, therefore, expect the price of DeFi Coin to move up to a high level of $0.1350 and beyond soon in the nearby days in the long-term view.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)DEFC Price to Reach $0.1350 High-Level Soon
The market value of DeFi Coin on the lower time frame (15 minutes) at $0.1144 resistance value is seen below the moving averages. This shows that the bulls are coming into the market gradually to have dominance.
This will enable the price to rise further in no long time. Traders may use this opportunity to buy the coin at a cheaper rate as the market turn bullish in the coming days.
DEFCUSD has reached bearish exhaustion as the market is oversold already. This indicates that the buyers are coming soon to change the trend of the market to a significant level and in this case, $0.1350 high level may be the target in its lower time frame.
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