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Defi Coin (DEFC) Price Still in an Upward Move

Johnathon Fox
07/16/2022 | UPDATED ON: 07/16/2022

Defi Coin Price Forecast: July 16
DEFCUSD is facing an increase in buying pressure and it could continue to face the positive side if it breaks the resistance level of $0.1203.

DEFC Price Statistics Data:
DEFC price now: $0.1182
DEFC market cap: $11.73M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #4884

Key Levels:
Resistance Levels: $0.1190, $0.1290,$0.1390
Support Levels: $0.1158, $0.1058, $0.0958
 DEFCUSD Long-term Trend: Bullish (1-hour chart)DEFCUSD Long-term Trend: Bullish (1-hour chart)
As can be seen from the chart, DeFi Coin is in a bullish market zone in its long-term outlook. The pair is making a series of higher highs now, therefore looking good for the buy traders.

The price action of DEFCUSD at the $0.1178 resistance level which later increases to a $0.1182 high level above the moving averages shortly after the 1-hourly chart opens today indicates that bulls are having more impact on the activities of the market at the present.

However, the buying pressure may likely continue as the momentum indicator also points upward at around level 44% in the oversold region. This will give room for a more bullish impact as we expect the price distribution to reach a high of $0.1300 soon in its long-term view.
Hence seller’s relief.

DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)

DEFC Price in a Bullish Move

The bulls are now progressing upward on the lower time frame. The price bar is above the moving averages which makes it capable of rising further.

The market price of DEFCUSD at a $0.1182 high level as the 1-hourly chart opens today is expected to advance forward and retest the $0.1300 resistance level.

Thus, the stochastic signal also pointing up also suggests that the momentum in the price of DeFi coin is in an upward move at the moment and may likely reach a high of $0.1300 soon in its lower time frame.

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.

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