DeFI Coin Price Forecast: DEFCUSD Persists in Its Uptrend Movement

Updated:

DeFI Coin Price Forecast – August 15

The DeFI Coin price forecast is that the market will persist in its upward movement along an uptrend line. The movement, though, is in a wavy-like manner.

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

Key Levels:
Supply Zones: $0.147500, $0.138900
Demand Zones: $0.131700, $0.122000
DeFI Coin Price Forecast: DEFCUSD Persists in Its Uptrend MovementDEFCUSD is predicted to persist in its uptrend movement despite going through a period of down-curve. The down curve is due to the rejection the market suffered when trying to cross the $0.147500 price line. The rejection, which came in quick successions, led to a plunge of the price to the $0.131700 key level, which borders the uptrend line.

DeFI Coin Price Forecast: DEFCUSD Market Prospects

DEFCUSD rose from a level of some difficulty around $0.087600 after consolidation. This helps it rise till it meets another obstinate resistance level at $0.122000. A down-curve moment ensued in which the coin fell back to support at $0.106200.

After that, the market drives upward past the resistance level and several other key levels till it reaches its current level below $0.147500. A double rejection plunges the price to $0.131700.

As in other times when the price tried to recover after dropping due to rejection, the Exponential Moving Average dropped to a support level below the 1-hour candlesticks to push the price upward.

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

The 15-minute chart shows that there was a disruption in the market’s momentum after the price hit the $0.147500 resistance level. The bulls had to grasp for stability, and this they did by undulating around the $0.131700 support level till the market reached the uptrend line, which is now giving the buyers a push upward.
DeFI Coin Price Forecast: DEFCUSD Persists in Its Uptrend MovementThe MACD (Moving Average Convergence Divergence) shows there is now a disruption of market equilibrium. This is shown by the growth of its histogram bars on both sides. However, the bulls are set to have preeminence as the bullish bars take over. Also, the EMA period 30 has taken a position below the 15-minute candles to also help push the price up. DeFI Coin is expected to rise to break both the $0.138900 and the $0.147500 resistance levels and grow higher.


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.