DeFI Coin Price Forecast: DEFCUSD Price Likely to Push Upward After Retesting the $0.07380 Level

Updated:

DeFI Coin Price Forecast – August 24

The DeFI Coin price forecast shows an eagerness to skyrocket to $0.07380. The market is ready to reach this price after testing the demand zone twice in a bid to gather enough momentum to push higher.

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

Significant Levels:
Supply zone: $0.07380, $0.06920
Demand zone: $0.07160, $0.06740
DeFI Coin Price Forecast: DEFCUSD Price Likely to Push Upward After Retesting the $0.07380 LevelDEFCUSD market has currently gone past the consolidation phase it experienced between the 22nd and 23rd of August. It is currently peaking back to its previous high at $0.07380, after a short timeout retesting its initial demand zone.

DeFI Coin Price Forecast: Market Outlook

Since August 22nd, the market has been bouncing on the trendline on the price chart. This was repeated twice on the 23rd before the market finally broke out from the symmetrical triangle after the market had consolidated.

On the 24th, a bullish candlestick pattern (the three white soldiers) formed, predicting a reversal of the current trend on the chart. This occurred after the market had already broken out of the initial supply zone.

A bullish reversal pattern formed on the 23rd. The double bottom indicated a very likely bullish return to the $0.07380 level, which the market has currently gotten way past. This shows that the market is even more ready for another impulsive run.

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

Earlier on the 24th of August, the market hit the price of $0.07200, and after holding that for a while, a bullish candle formed, showing the market’s readiness for another spike up to $0.07380.
DeFI Coin Price Forecast: DEFCUSD Price Likely to Push Upward After Retesting the $0.07380 LevelHowever, the more recent move back to the demand zone at $0.07160 in the market’s bid to generate enough pressure to spike up to the $0.07380 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.