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DeFI Coin Market Prospect – August 4
The DeFI Coin market prospect is for the price to rise with much urgency after it finds a foothold above the $0.106200 critical demand level.
DEFCUSD Long-Term Trend: Bullish (1-hour Chart)
Supply Zones: $0.122000, $0.131700, $0.138900
Demand Zones: $0.08760, $0.106200, $0.113300
DEFCUSD recently rid itself of the bearish menace that has held it back for a while. The first thing it does is to express freedom by reaching for the $0.122000 major level. However, it needs more momentum and a breath of freedom to climb past the resistance level. Therefore, the coin is adopting a signature move of pulling back to strengthen itself for an upward drive to violate the resistance.
DeFI Coin Price Forecast: DEFCUSD Market Prospects
DeFI was primed for a big moment as it took time at the low price level of $0.087600 to allow for more buyers to climb on the market. This lasted for around ten days, and the coin was on the fly by the beginning of August.
The market hit the upper border of the descending channel with that pumped momentum. The border has previously denied the price access beyond severally, but it could not withhold it this time.
The buyers broke the barrier at the second time of trial and pushed through with much freedom. The Parabolic SAR (Stop and Reverse) dots all lined below the candles as it finally broke a long-standing barrier.
DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)
The market rallied further upward with the same pace at which it broke the barrier. Though it bypassed several key level, but falls short at the $0.122000 critical level. As a result, the market pulls back to a strong demand level at $0.106200 which has been converted from a resistance to a support level.
After the market came close to the key level, it didn’t take much time for it to restart bullishness. DEFCUSD is now pushing upward relentlessly and has broken the previous obstinate resistance level at $0.122000. The market is now primed to surge upward even further. The $0.131700 is the immediate price level to be broken.
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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