Defi Coin Price Forecast: August 23
DEFCUSD will most likely rally up if the buy traders should increase their momentum, the resistance level at $0.1900 and beyond may be reached.
DEFC Price Statistics Data:
DEFC price now: $0.06850
DEFC market cap: $6.836M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5099
Key Levels:
Resistance Levels: $0.08000, $0.09000, $0.1000
Support Levels: $0.06800, $0.06700, $0.06600
DEFCUSD Long-term Trend: Bearish (1-hour chart)
Defi Coin is currently trading in a bearish zone in its long-term view. The pressure from the sellers actually adds to the bearish impact on the market.
The Coin made it up to the $0.06993 resistance level after which the bears in-road and drop the market value of the coin down to a low of $0.06811 as the 1-hourly chart opens today.
The pair however shows the continuation of bullish sentiment. After testing the lows of the previous action, the sellers look exhausted as the price continues to sustain an upward move as indicated by the momentum indicator. But the downside risk remained uncertain in the long-term outlook.
DEFCUSD Medium-term Trend: Bearish (15-Minutes Chart)
DEFC to Reach $0.1900 Supply Level
From here the price of DEFCUSD can be seen below the EMAs in the medium-term outlook. This implies that the market is in a bearish mode. With this trend, traders can buy at a very cheaper price and can as well push the market forward.
However, there is a possibility of a further increase in the price of the crypto, if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at $0.1900 at the upside might be tested in its lower time frame.
You can purchase DeFi Coin here. Buy DEFC
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