Defi Coin Price Forecast: August 16
DEFCUSD price is likely to increase and break the $0.1356 high level if the current support at the $0.1343 low level holds. $0.1900 may be the target.
DEFC Price Statistics Data:
DEFC price now: $0.1345
DEFC market cap: $13.46M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6231
Resistance Levels: $0.1350, $0.1450, $0.1550
Support Levels: $0.1343, $0.1243, $0.1143DEFCUSD Long-term Trend: Bearish (1-hour chart)
DEFCUSD is in a bearish market zone in its long-term outlook. The bulls made it to the $0.1417 resistance value before the intervention of the sellers which later dropped the price down to a $0.1351 low level during yesterday’s session.
Today’s 1-hourly chart which opens at a $0.1345 high level just a bit below the EMAs indicates that the buyers are coming into the market to regain more strength while the bears are now getting weaker.
Therefore if the current support holds and the bulls should increase their activities in the market, Defi Coin price may likely reverse and face the upside to reach a key significant level of $0.1900 in the upside. Stochastic is also showing the market is oversold and ready for a buy.
The Bull Run may continue to the key psychological level of $0.1900 before any intervention from the sellers as the market turns bullish soon in the long-term outlook.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)DEFC Price to reach $0.1900
The cryptocurrency is in a bearish trend zone in its lower time frame as well. The coin has been in a sideway move in the previous action after which the bears pulled in and drop the price of DEFCUSD down with a long bearish candle to a $0.1343 low level as the 15-minute session begins today.
The bears lost the momentum as the price begin to consolidate after which the impulse move from the bulls now push the market value of the pair up to a $0.1345 high level a bit below the EMAs; this implies that the bulls are coming strong gradually into the market.
The pair has fallen below level 20% of the daily stochastic. It indicates that the pair is now in the oversold region of the market. It implies that the selling pressure is likely to run to an end. We will now be looking into the emergence of buyers in the oversold region of the market. The bull race may likely reach a $0.1900 high level in the days ahead in the lower time frame.
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