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DeFI Coin Market Prospect – August 11
DeFI Coin market prospect is for a big break out in the market. The price has been held up under $0.147500 for a long time and the market has risen to test this resistance level.
DEFCUSD Long-Term Trend: Bullish (1-hour Chart)
Key Levels:
Supply Zones: $0.147500, $0.164600
Demand Zones: $.131700, $0.113300
DeFI Coin has finally climbed to the level of the $0.147500 resistance and is already anticipating a big break beyond this level. The market has been trading below this level since the beginning of July. During this period, the market plunged to lower depths under the influence of the sellers. The coin has rid itself of bearish pressure and is not set for a big break above the $0.147500 supply level.
DeFI Coin Price Forecast: DEFCUSD Market Prospects
DeFI Coin failed on several attempts to breach the $0.147500 supply level. After these unsuccessful trials, the buyers weaken and the price slumps below the strong 0.1062 support level.
DEFCUSD spent quite some time below the 0.1062 price level before the bulls reacted to drive the market upward. This pushes the market back above 0.1062 and several other key levels.
The coin has broken every barrier it encountered except the $0.1475 solid resistance. The coin is now pulling back to attack the resistance level with much momentum.
DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)
The MA period 100 (Moving Average) on the 1-hour chart remains below the candlesticks, acting as market support and helping to push the price higher. This is equally the same situation on the lower time frame. The retracement in the market still remains within the scope of the Moving Average on 1hr, but it has slid below the 5-minute MA indicator.
While the MACD (Moving Average Convergence Divergence) indicator on the daily chart shows a shuffle in which the bulls have the upper hand. The 4hr chart indicator suggests that DEFC could be ready for a big break as its lines have crossed upward from a bearish position. The price is expected to surge higher after it breaks the $0.147500 resistance.
You can purchase DeFi Coin here: Buy DEFC
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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