Defi Coin Price Forecast: September 3
DEFCUSD price is likely to experience a retracement at the current support level of $0.07110 soon. If the supply level of $0.07524 can be broken by the bulls, the coin will encounter a shift in the trend, and in this case, the $0.2000 supply level might be targeted.
DEFC Price Statistics Data:
DEFC price now: $0.07110
DEFC market cap: $7.159M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6003
Key Levels:
Resistance Levels: $0.07500, $0.07600, $0.07700
Support Levels: $0.07100, $0.07000, $0.06900
DEFCUSD Long-term Trend: Bearish (1-hour chart)
The market sentiment of the DEFCUSD is bearish in its long-term perspective. This is due to the inflow from the sellers at the moment.
Today, the crypto has been in sideway moves in the previous action with the bullish concentration within the range after which the sellers smashed the price down to a low of $0.07110 below the two EMAs.
With this current trend, buyers can buy the coin at a cheaper price and turn the market value into a positive side.
Hence, there possibility for the buy traders to make a corrective pullback at the mentioned current support level if the bulls should increase their tension in the market as the market is approaching the oversold region.
We expect Defi Coin price to scale higher if the price is sustained above the $0.07600 resistance level on the 1-hourly chart. The coin may possibly retest the $0.2000 after the pullback.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)
Defi Coin (DEFC) May Reverse to the Upsides Soon
The cryptocurrency is in a bearish momentum in its medium-term outlook. The bulls made an increase to a $0.07146 high level before the sideway moves during yesterday’s session.
The impact from the sell traders actually dropped the price of DEFCUSD to a $0.07110 support level below the moving averages shortly after the 15-minute session opens today. This indicates a downtrend.
However, the price of Defi Coin is likely going to reverse to the upside soon as the market is overbought already as indicated by the daily stochastic. This means that the selling pressure will end soon. This will compel the buy traders to resume an uptrend soon and $0.2000 might be reached in its lower time frame.
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