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DeFI Coin Price Forecast – August 17
The DeFI Coin price forecast is for the price to gather strength from consolidation to break the strong resistance at $0.14750.
DEFCUSD Long-Term Trend: Bullish (1-hour Chart)
Supply Zones: $0.147500, $0.138900
Demand Zones: $0.113300, $0.122000
DEFCUSD is on the rise but has been having a hard time bypassing the $0.147500 resistance level. However, the market has now been shaped in a way to empower the bulls. The price is ranging and accumulating momentum. DeFI Coin is expected to break through the resistance and continue its upward movement.
DeFI Coin Price Forecast: DEFCUSD Market Prospects
As the price rose from the $0.876000 support level, it encountered opposition. What the market simply did was to pull back to a strong key level and then spring off it to break that barrier.
However, the barrier at $0.147500 has proved to be almost insurmountable, rejecting the market strongly at early times. The price has therefore reverted to a ranging movement (which is a catalyst for a breakout).
Currently, the coin has bounced off from near the consolidation support level. The EFI (Elders Force Index) shows an equilibrium market as a progress from the bulls. The Stochastic lines are also rising from oversold.
DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)
The 15-minute chart shows the market is in a sideways trending movement. The price is set to rise upward after dropping to a low point. At some point, the coin is expected to gather enough impetus to challenge the $0.147500 resistance and break it.
Currently, the EFI on the 4-hour chart shows the power swinging upward in favour of the bulls. If the buyers sustain their pressure, they could make it out of the consolidation right here. The market is generally anticipated to surge upward and break the $0.147500 supply 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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