Defi Coin Price Forecast: August 2
DEFCUSD price may likely resume its uptrend soon if the buyers can exert more push or force into the market and break up the $0.1112 resistance level, the price may turn upsides and retest above the $0.1212 high level.
DEFC Price Statistics Data:
DEFC price now: $0.1096
DEFC market cap: $10.85M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5465
Key Levels:
Resistance Levels: $0.1100, $0.1200, $0.1300
Support Levels: $0.1078, $0.0978, $0.0878
DEFCUSD Long-term Trend: Bearish (1-hour chart)
DEFCUSD is in a bearish move at the moment due to the interference of the sellers in the market. Today, DEFCUSD is trading below the two EMAs at the $0.1096 high level below the moving averages on the 1- hourly chart. This suggests that the bulls are coming into the market in a grand style and soon they may likely dominate the market and gain more strength as the trend resumes its upward move sooner.
A further downward is unlikely as the momentum indicator is pointing up at around level 47%, this means that the price may likely remain in an uptrend and $0.1228 may be the target as the market turns bullish soon in its long-term perspective.
DEFCUSD Medium-term Trend: Bullish (15- Minute chart)
DEFC Price to Reach a $0.1228 High-Level Soon
On the medium-term outlook, DEFCUSD is showing a positive movement as the price bar can be seen above the EMA-9 and slightly below the EMA-50 at the $0.1096 resistance value as the 15-minute session opens today. This, however, will give the buy traders the motive to influence the price tendency.
Hence, we can certainly expect more actions from the bulls as the price indicator is pointing up at the oversold region, this means that the buyers are still within the market and more upsides are still possible in the days ahead in the lower time frame.
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