Defi Coin Price Forecast: August 13
From the look of things, DEFCUSD may soon reverse and face the upside to reach a significant level in the resistance area, if all the current support holds and the bulls are able to exert more force into the market. $0.1471 high level might be rebounded.
DEFC Price Statistics Data:
DEFC price now: $0.1296
DEFC market cap: $12.932M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6335
Key Levels:
Resistance Levels: $0.1320, $0.1420, $0.1520
Support Levels: $0.1296, $0.1196, $0.1096
DEFCUSD Long-term Trend: Bearish (1-hour chart)
Today, Defi Coin is really trying hard to remain in an upside move and maintains it. The short-term traders are in the price flow now, so the price movement in its long-term outlook is in a bearish trend.
The crypto made it up to the $0.1309 and later to $0.1317 resistance levels after which the sellers interfered and drop the market price down to a $0.1296 low level as the 1-hourly session begins today.
Thus, the price may likely turn upside if the current support holds and the bulls’ pressure increases, and the coin might penetrate the $0.1323 resistance value.
Meanwhile, DEFCUSD has fallen below the 20% range of the daily stochastic, which means that the selling pressure is likely to end. This will compel the buyers to resume and turn the market into a bullish zone soon in its long-term outlook.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)
DEFC Price May likely Increase Further
In the medium-term view, DEFCUSD can be seen in a bearish trend market. The price bar can be seen trading below the moving averages. Traders may use this opportunity to buy the coin at a cheaper rate as the market turn bullish in the coming days.
The market value of the currency pair at a $0.1296 high level below the moving averages implies that the bulls are coming into the market in a grand style to resume the uptrend while the bears are getting weaker at the moment.
However, the coin is likely to rise further as shown by the daily stochastic pointing up in the oversold region. The price is expected to advance upward to reach a key level of $0.1471 on the upside and beyond in the coming days in its lower time frame.
You can purchase DeFi Coin here. Buy DEFC
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