Defi Coin Price Forecast: August 19
DEFCUSD having interfered with by the seller traders in the previous action, the buyers have now decided to pump up to the upsides to reach the $0.500 upper resistance level as the bulls aim to drag the market upward to a bullish zone. At the time of writing this article, Defi Coin has increased to a $0.1287 high level and may retest the $0.500 upper high level soon.
DEFC Price Statistics Data:
DEFC price now: $0.1266
DEFC market cap: $12.544M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking:#5087
Key Levels:
Resistance Levels: $0.1300, $0.1400, $0.1500
Support Levels: $0.1200, $0.1100, $0.1000
DEFCUSD Long-term Trend: Bearish (1-hour chart)
DEFCUSD is bearish on the 1-hourly chart. The bearish momentum has pushed the coin to find support at the $0.1263 price level. The momentum was lost as the buy traders’ in-road briefly and caused a shift in trend up to a $0.1266 high level as the 1-hourly session begins today.
The bullish momentum has been triggered and the price is increasing towards the $0.1287 resistance value.
The coin will soon commence an upward move as the market is oversold at the moment; the price is likely to further rise if it breaks the resistance level at $0.1287.
The bulls might reach a significant level of $0.500 in the coming days in its long-term perspective as we watch the market turns bullish.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC Price to reach $0.500 Level
Analyzing the 15-minute chart above, we can clearly see Defi Coin breaking above the EMA-9. This means that the market now trades in an uptrend.
From here, the bulls started to step back in and pushed the market up to the current trading level at the $0.1266 level. This will give the buyers the tendency to influence the market price of the coin.
Hence, the pair has fallen below the 20% range of the daily stochastic, the implication is that the crypto is likely to further appreciate the upside. Buyers are expected to emerge and push the price of DEFCUSD up to a high level, which may likely reach the $0.500 resistance value in the days ahead in the medium-term perspective.
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