Defi Coin Price Forecast: August 6
Since yesterday, August 5, DEFCUSD has had high interference from the buyers, enabling the coin to remain in a bullish market. The crypto however may likely increase to the $0.1350 upper resistance value if the bulls should exert more force into the market.
DEFC Price Statistics Data:
DEFC price now: $0.1319
DEFC market cap: $13.17M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5198
Resistance Levels: $0.1300, $0.1400, $0.1500
Support Levels: $0.1230, $0.1130, $0.1030
DEFCUSD Long-term Trend: Bullish (1-hour chart)
DeFi Coin price is in a bullish trend in its long-term view. The price can be seen above the moving average which means that the market is in a bullish trend zone.
Today, the currency pair made an upward move to the $0.1334 resistance level after which the sellers inroad briefly and drop the market value of the coin down to a $0.1319 low level above the moving averages, this implies an uptrend in the context of the strength of the market.
Staying above the moving averages will make it possible for DEFCUSD to rise further and turn to a more bullish arena for the traders. Therefore, if the bulls can add more force to their action in the market and the current support holds, a $0.1350 upper resistance level might be reached soon in its long-term perspective.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC Likely to Retest the $0.1350 Resistance Level
DEFCUSD is in a bullish trend zone in its lower time frame. The bulls made an upward move to the $0.1334 high level during yesterday’s session and sustained it.
Today, the market value of the coin is at a $0.1316 low level which is above the moving average at the 15-minute session opens indicating that the price is in an uptrend.
However, the bulls might possibly take over the market soon simply because it’s trading in an upward trend, therefore a significant level of $0.1350 at the upside might be quickly reached in its lower time frame.
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