Defi Coin Price Forecast: August 12
DEFCUSD at the moment is trying hard not to fall by resisting the sellers, in case the bulls’ pressure breaks up the resistance level of $0.1356, the price may increase to a $0.1450 high level.
DEFC Price Statistics Data:
DEFC price now: $0.1322
DEFC market cap: $13.75M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5887
Key Levels:
Resistance Levels: $0.1350, $0.1450, $0.1550
Support Levels: $0.1300, $0.1200, $0.1100
DEFCUSD Long-term Trend: Bullish (1-hour chart)
DEFCUSD is in a bullish trend market in its long-term view. It seems that the bulls are about to take over and push us higher. There are multiple possible targets at this point, but either way, the pair looks quite bullish here.
The bullish pressure moves the crypto’s price up to the $0.1322 resistance level above the EMA-9 but below the EMA-50 as the 1-hourly chart opens today. This suggests that the buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Hence, we have a bullish bias that the market value of Defi Coin will rise further to the upsides if the buying pressure should increase. Currently, the price of DEFCUSD is making a correction there may be a potential for the price to rise and reach the $0.1450 resistance value soon.
We can as well see the momentum indicator pointing up at around level 56%, this means that the price of the currency pair is in an uptrend, we, therefore, expect the price distribution to reach a $0.1450 significant level soon in its long-term perspective.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC Price Rising to the $0.1450 Resistance Level Soon
The bulls are now progressing upward on the lower time frame. The formation of a bullish candle at a $0.1323 resistance level above the moving averages as the 15-minute chart opens today affirms the bullish presence in the market.
The price bar which is above the moving averages makes it capable for the coin to rise further.
Meanwhile, the price of DEFCUSD is pointing up in the oversold region of the daily stochastic around level 43%. This indicates that the price is in a bullish momentum and a buy signal. We can be sure that the price of Defi Coin will soon get to a significant level of $0.1450 in the resistance area as the market turns bullish as well in the medium-term outlook.
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