Defi Coin Price Forecast: August 10
DEFCUSD price with the look of things may likely resume an upward movement soon if all the support level holds in place. We can therefore expect the price to turn upside down and retest a $0.1461 high level.
DEFC Price Statistics Data:
DEFC price now: $0.1370
DEFC market cap: $13.75M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5887
Key Levels:
Resistance Levels: $0.1400, $0.1450, $0.1500
Support Levels: $0.1360, $0.1300, $0.1240
DEFCUSD Long-term Trend: Bearish (1-hour chart)
DEFCUSD is in a bearish trend in its long-term perspective. This is simply because the short traders are now involved in the order flow.
The price of the coin at the $0.1370 resistance level below the moving averages as the 1-hourly session resumes today, implies that the bulls are gradually staging a return into the market.
Therefore, if the bulls increase their impulse move in the market, the price tendency will move above the key levels in the resistance area.
Also, the Stochastic is also showing the market is oversold, so, further downward is unlikely as the bulls are now set to push the DeFi Coin price up soon to a high level of $0.1461 and beyond in its long-term perspective. Therefore traders should get ready for a buy.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)
DEFC Price to Resume an Uptrend Soon
The coin can also be seen below the moving averages on the lower time frame. This means that the price is in a bearish trend.
After a series of sideway moves and a bearish impact, the bulls inroad and push the market price of DEFCUSD up to the $0.1370 resistance level which is below the moving averages as the 15-minute session opens today.
However, there is a tendency for the price to start gaining more strength as the market is trading below the 20% range of the daily stochastic. This will enable the buyers to emerge with full force and push the market price of Defi Coin up to a significant level and possibly retest the $0.1461 high level soon in the lower time frame.
You can purchase DeFi Coin here. Buy DEFC
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