Defi Coin Price Forecast: August 22
DEFCUSD price is bound to move up and gain more strength if all the current support holds and the bulls should increase their momentum and break up the $0.1188 resistance level, the price may turn upsides and retest a $0.300 upper high level.
DEFC Price Statistics Data:
DEFC price now: $0.07560
DEFC market cap: $6.76M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5079
Key Levels:
Resistance Levels: $0.09000, $0.1000, $0.1100
Support Levels: $0.08700, $0.08600, $0.08500
DEFCUSD Long-term Trend: Bearish (1-hour chart)
DEFCUSD is in a bearish market zone. This is due to the interference from the sellers which is about to end soon.
The buy traders caused a rise to the $0.07548 resistance value after which the sellers returned briefly and dropped the price down to a $0.06753 low level below the moving averages as the 1-hourly session opens today.
The bulls couldn’t give up, as the correction to the upside at the $0.06753 low level returned the buy traders and pushed the market price of DeFi Coin up to the $0.06771 resistance level. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
The Stochastic also shows the market is oversold and ready for a buy. This will enable the buyers to aggressively push the price of the coin up and the $0.300 upper resistance value might be the target soon in its long-term outlook.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)
DEFC Price Reaching a $0.300 High-Level Soon
Due to the interference of the sellers in the market at the moment, DEFCUSD is in a bearish trend move.
The bulls have actually made an increase to the $0.07560 resistance level after which the sell traders came in and drove the price down to $0.06582 with a long bearish candle below the moving averages shortly after today’s 15-minutes chart opens.
The bulls were inroad briefly and returned the market price to an upside at $0.06809 below the moving averages; this implies that the trend is reversing to face the positive side.
Thus, the price has fallen below the 20% range of the daily stochastic. It implies that the selling pressure is likely to end soon. It is expected that the buy traders move the price of the coin up to a significant level on the upside and the $0.300 high level might be retested.
You can purchase DeFi Coin here. Buy DEFC
Leave a Reply