Defi Coin Price Forecast: August 9
DEFCUSD price is now trading at the upper resistance at the $0.1451 level. This might go further if the buyers add more aggression to their actions in the market. The coin may reach the $0.1600 upper resistance level soon if all the support level holds.
DEFC Price Statistics Data:
DEFC price now: $0.1453
DEFC market cap: $13.99M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5769
Key Levels:
Resistance Levels: $0.1450, $0.1550, $0.1650
Support Levels: $0.1370, $0.1270, $0.1170
DEFCUSD Long-term Trend: Bullish (1-hour chart)
DEFCUSD is trading in a smooth bullish trend in its long-term outlook. The pair is losing bullish momentum as it rises above the $0.1400 resistance level. The bulls caused a rise to a $0.1451 high level above the moving averages as the 1-hourly chart resumes today, this, however, gave the buy traders the motive to influence the price tendency in the market.
Therefore, if the bulls should increase their impulse move in the market, the price action will move above the key levels and may likely reach a $0.1600 upper high level in the days ahead in its long-term outlook.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC Price May Likely Reach $0.1600 Upper High-Level
From a medium-term perspective, the DEFCUSD market is in an upward move as can be seen from the chart above. It is well on its way to the upper resistance area.
The currency pair which now trades at a $0.1451 high level above the exponential moving averages means that the market is in total control of the bulls. Further downward is not certain as indicated by the momentum indicator pointing upwards.
So, the buyers are expected to push the price further, a significant level of $0.1600 in the upper resistance area might be reached in the coming days in the lower time frame.
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