Defi Coin Price Forecast: August 31
DEFCUSD is in an upward move at the moment. The coin price breaks up another resistance level of $0.07538, suggesting the buyers are hoping to extend the correction rally. Therefore, if the price of the crypto closes above the current supply level, the target might be a $0.400 resistance value.
DEFC Price Statistics Data:
DEFC price now: $0.07506
DEFC market cap: $7.24M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6042
Resistance Levels: $0.08000, $0.08500, $0.09000
Support Levels: $0.07200 $0.07100, $0.07000
DEFCUSD Long-term Trend: Bullish (1-hour chart)
The price of DEFCUSD is in an uptrend as bullish clouds hover above the crypto market in its long-term perspective. As a result, the price has recently broken up the $0.07538 psychological supply, indicating the buyers are looking to continue the next rally up. This will enable the price to rise further as the bulls are set to take the price of Defi Coin further up.
In addition, the market is oversold already, this now calls for more buyers to emerge soon and push the crypto’s price further up, and in this case, the price might possibly hit the $0.4000 resistance value in the coming days in the higher time frame.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC Price to Retest the $0.4000 Supply Level
The currency pair is in an upward move in its medium-term perspective. The price bars are above the moving averages indicating an uptrend.
DEFCUSD has been able to rise to a $0.07538 high level shortly after the 15-minute session opened today. Thus, with the price bar above the two moving averages, the coin is expected to advance further as the buy traders continue to dictate the market direction.
More so, a bullish rally may likely continue as the market is oversold already. This will cause the emergence of more bulls in the market and the price may likely reach the $0.4000 level soon in the resistance area in its lower time frame.
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