DeFI Coin Market Prospect: DeFI Coin is Strongly Bullish

Updated:

DeFI Coin Market Prospect – August 8

The DeFI Coin market prospect is for the market buyers to keep dominating after a strong bullish reversal from the $0.087600 significant level.

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

Key Levels
Supply Zones: $0.147500, $0.138900
Demand Zones: $.131700, $0.113300
DeFI Coin Market Prospect: DeFI Coin is Strongly BullishDeFI Coin is predicted to keep weathering the strong with its strong bullish performance. The bears will be unable to contain the market due to the momentum at which the buy-traders are plundering the market. The price has now defied several key levels to reach above the $0.138900 significant level. The market can be backed to push further higher.

DeFI Coin Price Forecast: DEFCUSD Market Prospects 

The DeFI Coin bulls are up and running after being infused with bullish momentum. A reversal took off at around the $0.087600 key level. Afterwards, the market has not changed its bullish performance.

Critically, the coin has broken two significant levels – the $0.122000 and the $0.131700 key levels. The bears set up a barricade at these price levels but the market was able to scale through and beyond these levels.

The next stronghold is located at $0.147500 and the buyers will fancy their chances to violate the level also. The Parabolic SAR (Stop and Reverse) remains majorly aligned below the 1hour candles to show dominance.

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

The wavy nature of the market’s upward trend is evident on the 5-minute time frame. The price experienced the most pitfall around the 6th of August. It took more effort to rally after a pullback to $0.122000, then the market went on to break the $0.131700 resistance level.
defi coin market prospect: defi coinLike the 1hour chart, the MACD (Moving Average Convergence Divergence) components are highlighting a bullish market. The lines are biased to the upside and there are more visible bullish histogram bars. The Parabolic SAR is also coordinating the direction of the price trend in an upward manner

You can purchase DeFi Coin here: Buy DEFC 

  
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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.