Defi Coin Price Forecast: September 2
DEFCUSD price may likely reverse at the $0.07217 support level. Should the current support level holds, the price may reverse and face the resistance level of $0.4000 and beyond.
DEFC Price Statistics Data:
DEFC price now: $0.07217
DEFC market cap: $7.24M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6042
Key Levels:
Resistance Levels: $0.07500, $0.07600, $0.07700
Support Levels: $0.07200, $0.07100, $0.07000
DEFCUSD Long-term Trend: Bearish (1-hour chart)
DEFCUSD is at the moment trading in a bearish market zone in its higher time frame. This is due to the inflow from the short traders which is coming to an end soon.
Despite the moves from the sellers, the bulls actually made an increase to a $0.07441 high level above the EMA-9 after which the sellers returns briefly and reduced the price to a $0.07217 low level shortly after the 1-hourly chart opens today. With this trend, the buyers can still buy the coin at a cheaper rate and also move the crypto upward. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
Thus, Defi Coin price has fallen below the 25% of the daily stochastic. It indicates that the pair is now in the oversold region of the market. It implies that the selling pressure is likely to run to an end. We will now be looking into the emergence of buyers in the oversold region of the market. With this upcoming trend, the buy traders might possibly push the price up to the $0.4000 resistance value soon in its long-term outlook.
DEFCUSD Medium-term Trend: Bearish (15-Minute chart)
The market price of crypto is in a bearish market zone. The intervention from the sell traders caused a drop in the price of DEFCUSD.
The bulls couldn’t relent, so the price increased to a high level of $0.07441 shortly after the 15-minutes session opened today. The momentum was lost while the sellers returned the price down to a $0.07146 low value. If the buyers can double their efforts in the market, the price of the coin might possibly reverse at the mentioned level and face the upside.
The DeFi Coin market price is also in the oversold region of the daily stochastic, buyers are expected to emerge to push the price upward and in this case, the $0.4000 supply value might be the target in its lower time frame.
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