DeFI Coin Market Prospect: DeFI Coin Aims to Break the Next Resistance Level After a Pullback

Updated:

DeFI Coin Market Prospect – August 10

The DeFI Coin market prospect is for the market to strengthen itself after it pulls back to its uptrend line. The coin is expected to charge at the $0.147500 significant level to break it.

DEFCUSD Long-Term Trend: Bullish (1-hour Chart)

Key Levels:
Supply Zones: $0.147500, $0.164600
Demand Zones: $.131700, $0.113300
DeFI Coin Market Prospect: DeFI Coin Aims to Break the Next Resistance Level After a PullbackDEFCUSD is gyrating upward on an uptrend line. The upward movement hasn’t been as smooth as expected. This is because the bears keep trying to derail the market at multiple key levels. So far the buyers have empowered the market to scale through all the barriers. The coin has now gotten to a major level at $0.147500. The immediate instinct of the bulls is to pull back to gain a spike that will violate the resistance level.

DeFI Coin Price Forecast: DEFCUSD Market Prospects

DeFI Coin managed to conduct itself well immediately after it broke out of its descending channel. It also skillfully weaved its way through the confluence so that it could slide through the zone.

The first major pullback occurred just below the $0.122000 price level. The market gained strength around the $0.106200 key level and then steadily rose upward along the trend line, breaking $0.122000.

This scenario is occurring again presently below the $0.147500 significant resistance level. The MA period 100 (Moving Average) remains below the 1-hour candle as support to push the price up.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)

The 15-minute chart shows that the pullback below the $0.131700 key level was more sudden. There was a spike downward to the $0.122000 level, and also upward that helped to break the barrier.
DeFI Coin Market Prospect: DeFI Coin Aims to Break the Next Resistance Level After a PullbackAs the price keeps gyrating upward, the EFI (Elders Force Index) power line lays close to the zero level to show that the buyers are utilizing a very pragmatic approach to keep their bullish position steady and intact. The next point of call is the $0.147500 significant level.


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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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.