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Defi Coin (DEFC) More Possibility of Upsides

Johnathon Fox
07/28/2022 | UPDATED ON: 07/28/2022

Defi Coin Price Forecast: July 28
DEFCUSD price is likely to increase and break the $0.09700 high level if the bulls should add more strength to their activities in the market. A significant level of $0.1100 upper resistance level might be reached.

DEFC Price Statistics Data:
DEFC price now: $0.09584
DEFC market cap: $9.34M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5794

Key Levels:
Resistance Levels: $0.09500, $0.09600, $0.09700
Support Levels: $0.08900, $0.08800, $0.08700
DEFCUSD Long-term Trend: Bullish (1-hour chart)DEFCUSD Long-term Trend: Bullish (1-hour chart)
Defi Coin made an upward move to the $0.09346 resistance level to resume its uptrend as the 1-hourly chat resumes today.

The current price at the $0.09584 resistance level above the moving averages which are fanned apart indicates that the bulls are in control of the market at the present in this case a bullish momentum.

Thus, if the bulls should increase their activities in the market, Defi Coin price may likely reach a $0.1100 upper high level and might be rebounded.

We can certainly expect more actions from the bulls as the price indicator is pointing up at the overbought region, this means that the buyers are capable of taking us up to a higher level of $0.1100 resistance value in the days ahead in the long-term perspective.

DEFCUSD Medium-term Trend: Bullish (15-Minute Chart) DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)DEFC Price May likely Rise to the $0.1100 Resistance Level
DeFi Coin is in a bullish trend on the lower time frame. The pair has reached the $0.09584 resistance level which is above the moving averages as the 15- minutes chart opens today.

Trading above the moving averages will however give the bulls the capacity to increase the price further to the upside.

Hence, more turn-ups are expected from the buyers as the price indicator is pointing up at the overbought region, this means that the buyers are still within the market and more upsides are still possible in the medium-term perspective.

You can purchase DeFi Coin here. Buy DEFC

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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