Defi Coin Price Forecast: August 27
Since August 25, DEFCUSD has been trading and competing in a sideways market which really made it a bit difficult for the cryptocurrency to maintain stable upside moves. The crypto, however, having reached the resistance level of $0.07454 today may possibly shoot higher than the mentioned value if the buy traders could increase their tension in the market. The price might push higher above the $0.4000 key levels.
DEFC Price Statistics Data:
DEFC price now: $0.07436
DEFC market cap: $7.431M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6213
Resistance Levels: $0.07500, $0.07600, $0.07700
Support Levels: $0.07100, $0.07000, $0.06690
DEFCUSD Long-term Trend: Bullish (1-hour chart)
The DeFi Coin pair is having a bullish posture in its long-term outlook. This is achieved due to a more bullish impact on the market. The price has been in a sideway move in the previous action.
The price of DEFCUSD is currently trading between the supply levels of $0.07523 and 0.07436; if the level is broken up by the buy traders the coin will appreciate to a high at $0.1000 price level and beyond.
Meanwhile, the cryptocurrency is in the oversold region of the daily stochastic, this means that the bearish pressure has reached bearish exhaustion. We can now expect a clean and smooth uptrend soon in its long-term perspective.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)DEFC Price to Reach $0.2000
On the 15-minute chart, DEFCUSD is showing a downward movement after a series of ranging moments in the previous action.
The coin is currently trading at a $0.07370 low level below the moving averages following the intervention from the sell traders.
The pair has reached the oversold region of the market. Buyers are expected to emerge. A rally above the $0.1000 supply level is expected of the buyers as the bulls resume an uptrend soon in its lower time frame.
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