DeFI Coin Price Forecast: After Breaking the $0.07170 Level, DeFI Coin Aims Higher

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DeFI Coin Price Forecast: August 29

The DeFI Coin price forecast shows the market is on a bullish trend in line with the recent market shift. The price of the DeFI coin breaks out of the flag and resumes a strong upward motion. This retracement is expected to be towards the $0.07520 price level.

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

Significant Levels:
Supply zone: $0.07520, $0.06960
Demand zone: $0.07170, $0.06740
DeFI Coin Price Forecast: After Breaking the $0.07170 Level, DeFI Coin Aims Higher
DEFCUSD market’s uptrend peaked at $0.07520, after which the market started to range in the opposite direction with a bullish flag pattern. The range was already broken on the 28th of August. The DEFC price resumes a new phase of the original uptrend.

DeFI Coin Price Forecast: Market Outlook

As seen on the 1-hour chart, the Moving Average (SMA) period 9 indicates a continuous upward movement of the DeFI coin price can be expected. Period 21 also signals an increase in the price based on its long period.

The Parabolic SAR (Stop and Reverse) indicator agrees with the upward continued pattern the DEFC is running currently. The direction of the coin can be expected to move higher on the price ladder.

On the 25th of this month, the price of DEFC formed a high of $0.07520. The high was formed after a break-out of the asymmetric triangular range. This market structural shift formed a continuation pattern which the market retested at the trend line between the 27th and 28th of the month.The market made an expected upward rebound, and the current run can be predicted to reach the $0.07520 price level.

DEFC Medium-Term: Trend Bullish (15-minute chart)

On the 15-minute chart, around noon on Sunday, August 28th, the market touched down on the upward trendline. There was also a retest of the previous supply zone at $0.06960. This signals that the market is still following an uptrend, as signified by the trendline.
DeFI Coin Price Forecast: After Breaking the $0.07170 Level, DeFI Coin Aims HigherThe DEFC price is thus expected to continue its upward motion as it ascends to reach the $0.07520 level again.

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.