Defi Coin Price Forecast: August 11
DEFCUSD price is trying hard not to fall. The price can swing upward more if additional force is input by the bulls, $0.1600 in the upper resistance area might be reached soon.
DEFC Price Statistics Data:
DEFC price now: $0.1449
DEFC market cap: $13.75M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5887
Key Levels:
Resistance Levels: $0.1440, $0.1540, $0.1640
Support Levels: $0.1336, $0.1236, $0.1136
DEFCUSD Long-term Trend: Bullish (1-hour chart)
DEFCUSD is experiencing bullish pressure in its long-term outlook as can be seen clearly from the chart above.
After the interference from the sellers at a $0.1366 low level shortly as the 1-hourly chart opens today, the buyers return briefly and made a strong push with a long bullish candle to the $0.1499 resistance level above the moving averages; this implies that the bulls are very active in the crypto market at the moment.
Thus, the pair may continue the uptrend into the next session as indicated by the momentum indicator pointing up at around level 55% in the oversold region.
We can say that the bulls are set to take us higher to a reasonable level on the upside at the $0.1600 upper resistance value in the nearby days in the long-term outlook.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC Price pushing up to the Upper High-Level
Defi Coin is really progressing upward on the lower time frame. The price bars can be seen above the moving averages, making it possible for the coin to rise further.
In the previous action, the price has been trading in a sideway market zone. The momentum changed suddenly as the bulls decided on the price action and move the price up to $0.1377 which later pump upside with a very long bearish candle to the $0.1449 upper resistance value far above the moving averages. This however suggests an upward trend in the price of DEFCUSD and in this case bullish.
The currency pair is not stopping there as indicated by the stochastic indicator pointing up, this means that the buyers are still in charge of the coin and the trend may likely continue to the upside and the $0.1600 upper resistance value might be the target soon in its medium-term perspective.
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