Defi Coin Price Forecast: August 18
Despite the interference from the sell traders, DEFCUSD price could still move positively if the bulls should increase their price action in the market, and a shift in trend to $0.2500 can be achieved.
DEFC Price Statistics Data:
DEFC price now: $0.1271
DEFC market cap: $12.73M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #4998
Key Levels:
Resistance Levels: $0.1390, $0.1490, $0.1590
Support Levels: $0.1270, $0.1170, $0.1070
DEFCUSD Long-term Trend: Bullish (1-hour chart)
At the moment, DEFCUSD is trading in a bullish market in its long-term view. There is a minor influence from the sell traders; with this, the coin could still go higher.
Today, Defi Coin made an upward move to the $0.1279 resistance level shortly after the 1-hourly session begins.
The market price of the pair at a $0.1279 high level above the EMA-9 indicates that the buyers are coming into the market gradually and the sell traders are getting weaker at the present. Therefore, there is a possibility of a shift in trend to the upside if the bulls should add more strength to the price action in the market.
Thus, there is an indication that the price will rise further as indicated by the price signal pointing up. It is expected of the buyers to push the price of the coin up to a high level of $0.2500 in the coming days in its long-term perspective.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC to reach the Upper High-Level
On the lower time frame, the coin is trading in a bullish trend market zone. The bulls are trying hard not to fall to the negative side by resisting the sellers.
The bulls caused a rise to the $0.1279 resistance level above the moving averages as the 15-minute chart opens today. This, however, will give the buy traders the motive to influence the price tendency.
Hence, there is the possibility of more positive moves by the buy traders as shown by the momentum indicator which is pointing upwards; this means that the price of DeFi Coin may likely reach the $0.2500 key level on the upside in the coming days in the lower time frame.
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