Defi Coin Price Forecast: August 1
DEFCUSD price might likely rise to the $0.1450 resistance value if the forces from the buyers in the market should increase and the current support t level at $0.1196 holds.
DEFC Price Statistics Data:
DEFC price now: $0.1211
DEFC market cap: $11.98M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5757
Key Levels:
Resistance Levels: $0.1200, $0.1250, $0.1300
Support Levels: $0.1145, $0.1095, $0.1045 DEFCUSD Long-term Trend: Bullish (1-hour chart)
Despite the interference of sell traders in the price flow today, the long-term market shows a bullish race. The moving averages are widened already, indicating that the market is in a bullish trend zone. DEFCUSD is losing bearish momentum as it rises to the $0.1211 resistance level above the moving averages. This, however, will give the buy traders the motive to influence the price tendency. Buyers must redouble their efforts to forecast a bullish increase in the market above the 0.1211 level.
More upsides are certain as indicated by the momentum indicator which is pointing up, this implies that the coin might likely continue in its upward move, and the $0.1450 high level might be the target soon in its long time perspective.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart) DEFC Price likely to Reach a $0.1450 High-Level Soon
On the lower time frame, the currency pair is in a smooth upward move. The bulls caused a rise to the $0.1211 resistance level above the moving averages as the 15-minute chart opens today.
DeFi Coin trading above the moving averages indicates that the bulls are having the market at their disposal at the present, so the coin is in a good position for us to head towards and reach the $0.1450 resistance level.
In a like manner the coin is pointing upward as shown by the price indicator, this means that the buyers are likely to continue the trend, so we expect the price distribution to reach a significant level 0f $0.1450 in the resistance area soon in its lower time frame.
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