Defi Coin Price Forecast: August 17
DEFCUSD could move higher. At the moment the bulls are coming higher, if the buyers should aggressively push the price upside, the pair may likely penetrate $0.1900 to reach a $0.200 high level.
DEFC Price Statistics Data:
DEFC price now: $0.1310
DEFC market cap: $13.46M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6231
Key Levels:
Resistance Levels: $0.1400, $0.1500,$0.1600
Support Levels: $0.1260, $0.1160, $0.1060
DEFCUSD Long-term Trend: Bullish (1-hour chart)
The currency pair is in a bullish posture in its long-term outlook. DEFCUSD was able to reach the $0.1350 resistance value as the high of the day during yesterday’s session and sustained it. This rather made it possible for the coin to rise further.
After the interference from the bears that dropped the price down to a $0.1298 low level, the pair is now well on its way up as it reaches a $0.1310 high level above the EMA-9, as the 1-hourly session opens today; this indicates that bulls are coming in to have more impact in the activities of the market at the present.
Kindly put, if the buy traders should increase their buying activities in the market, the pair may likely reach the $0.200 upper resistance level and beyond.
However, more pressure is expected from the buyers as indicated by the daily stochastic pointing upward at around level 58% in the oversold region. We can see a shift in the trend to a key level on the upside to a $0.200 level and beyond in the days ahead in its long-term view.
Hence seller’s relief.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC to Reach $0.200 High-Level Soon
On the lower time frame, the currency pair is now progressing upward trading in a bullish market zone. The price bar is above the moving averages which makes it capable of rising further.
The market price of Defi Coin which has risen to a $0.1310 high level above the moving averages indicates that the buyers have the market at their disposal at the moment.
Thus, staying above the moving averages makes it capable of the rising of the cryptocurrency, as we watch the price of the coin reaching a significant value of $0.200 and beyond in the coming days in its lower time frame.
You can purchase DeFi Coin here. Buy DEFC
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