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Defi Coin (DEFC) Price Facing Resistance at $0.1600 Level

Johnathon Fox
07/13/2022 | UPDATED ON: 07/13/2022

Defi Coin Price Forecast: July 13
DEFCUSD may likely climb up to a $0.1350 high level and beyond, if the buyers increase their price action in the market, $0.1600 may likely be the target.

DEFC Price Statistics Data:
DEFC price now: $0.1090
DEFC market cap: $10.9M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #4688

Key Levels:
Resistance Levels: $0.1250, $0.1350, $0.1450
Support Levels: $0.1069, $0.1059, $0.1049
DEFCUSD Long-term Trend: Bullish (1-hour chart)
DEFCUSD Long-term Trend: Bullish (1-hour chart)
The price movement of DeFi Coin is currently seen to be in the bull’s direction in the long-term perspective.

The coin at the $0.1090 resistance level can be seen trading above the EMA-9 and below the EMA-50, as the 1-hourly chart opens today, this indicates that the bulls are trying hard not to fall below the support level, therefore if the bulls should increase their price action, and bullish momentum is sustained, the cryptocurrency will resume upside momentum and move the market value up to a high of 0.1600.

However, the bulls may likely remain in an upward move at the moment as the price of DeFi Coin is pointing upwards in the overbought region of the daily stochastic.

Buyers are expected to take their position at the moment and move the market up to a significant level of $0.1600 as we watch the coin turn to a bullish market zone in the long-term perspective.

DEFCUSD Medium-term Trend: Bullish (15-Minutes Chart) DEFCUSD Medium-term Trend: Bullish (15-Minutes Chart)DEFC Price Targeting $0.1600 High- Level
DEFCUSD is trading in the bullish trend zone in the lower time frame despite the interference of sellers in the price flow. The moving averages have already widened their gap, indicating that the bulls are regaining market strength

The market value of Defi Coin at the $0.1082 resistance level above the two EMAs, as the 15-minute chart opens today is an indication of an upward trend in the context of the strength of the market.

The daily stochastic pointing up at around level 48% approaching the overbought region also indicates that the price of the coin is in an uptrend and may likely remain or continue in the same direction and may reach the $0.1600 resistance level in the nearby days in its medium-term outlook.

Therefore, buyers may take their position as desired.

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.

View all posts by Johnathon Fox →
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