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DeFI Coin Price Forecast: August 31
The DeFI Coin price forecast expects the market to move up higher to the $0.08390 price since the market has already moved above the supply zone at $0.07560. This is coming weeks after the market had lingered in this zone but is now ready to shoot up high.
DEFCUSD Long-Term Trend: Bullish (1-hour chart)
Supply zone: $0.08390, $0.07150
Demand zone: $0.07210, $0.06960
As an affirmation of the current uptrend, the DEFC market has already retested the price at the $0.07560 price level, from which it broke out just recently. With this, the coin price is expected to climb higher again.
DeFI Coin Price Forecast: Market Outlook
The Parabolic SAR (Stop and Reverse) indicator shows that the DeFC is, at the moment, on an uptrend, proving that the recent reversal is basically a retest of the recently broken resistance zone at 0.07560.
The Moving Average (SMA) period nine (9) also confirms that the uphill run of the coin price is expected to be maintained. With the use of a longer time frame provided by Period 21, the price of the DeFC coin continues to rise.
Based on the strength of the current market trend that has overall kept it on a bullish run, the price of the coin can be predicted to rise back to its initial value of $0.08390.
DEFC Medium-Term: Trend Bullish (15-minute chart)
The Stochastic indicator on the fifteen-minute time frame shows an oversold market, and this indicates that the DeFI coin is soon ready to reverse upwards as buyers again take over the market.
The chart shows a rejection at $0.07569, implying that the market will not be going in that bearish direction. This makes it certain that the DeFC trend will continue and has the $0.08390 level as its target.
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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