DeFI Coin Price Forecast: DEFCUSD Currently on Wings and Ready to Soar From 0.07520

DeFI Coin Price Forecast – August 25

DeFI Coin price forecast shows the price of DeFC soaring high to the $0.08290 price level. The market shows signs of a climb to higher heights following the impressive run that began on the 23rd of August.

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

Significant Levels:
Supply zone: $0.08290, $0.06960
Demand zone: $0.07160, $0.06740
DEFCUSD market has continued its bullish run after holding prices between $0.07200 and $0.07300 earlier on the 24th of August. This occurred after the market retested the demand zone at $0.07160, as shown on the price chart.

DeFI Coin Price Forecast: Market Outlook

The Moving Average (SMA) period (9) is also very supportive of the current market bullish run. What proves this further as a stable run is the Moving Average (SMA) period (21), which also indicates a steady price climb.

The market trend is further supported by the Parabolic SAR (Stop and Reverse) indicator, which signals that the present price is only expected to move higher. This means that the bulls have taken over the market, which is expected to climb its way back to $0.08290, which it held as of August 20th, 2022.

On the 22nd and 23rd of August, the market experienced a consolidation, after which a bullish reversal pattern formed on the chart, signifying a return to an initial price high at $0.07160. The same trend was also experienced between the early hours of the 24th and the 25th of the month before new bullish candles started to form on the price chart. What this signal is a strong and very likely spike back up to the previously held price of 0.08290.

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

The market is seen to have bounced on the tread line set on the price chart, firstly around 12 pm on the 23rd, after which the market shot up sporadically. The market has again retested this trendline and has begun another bullish accent.
The current market is proving so strong that it has given no room for a retracement. This is another indication of the stability of the current market uptrend.

You can purchase DeFi Coin here: Buy DEFC 

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