DeFI Coin Price Prospect: DeFI Coin Plans to Bring On More Buyers at the $0.122000 Support

DeFI Coin Price Prospect – August 18

The DeFI Coin price prospect is for the price to invite more buyers to invest, and this is to be done at the critical $0.122000 support level.

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

Key Levels:
Supply Zones: $0.147500, $0.138900
Demand Zones: $0.113300, $0.122000
DEFCUSD is currently locked in consolidation as it has been prevented from rising beyond the $0.147500 significant supply zone. However, the market remains obstinate and is willing to do all it takes to break beyond the supply level. The latest tactic by the market influencers is to allow for the investment of more buyers at a major demand level of $0.122000 to shoot the market upward.

DeFI Coin Price Forecast: DEFCUSD Market Prospects

The $0.147500 resistance level has been trying to limit the bullish tenure, and the market investors who have their sights set on higher key levels are doing everything in their means to break through.

After a direct strategy of testing the resistance level failed, the coin is now sliding towards a strong demand level to allow more bulls on the market to bounce it upward. The current demand level is $0.122000.

As a result, the price has subdued itself below the MA period 100 (Moving Average). The Stochastic Oscillator is vacillating in and out of the extreme zone. Currently, the Stochastic lines are rising towards overbought.

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

The 15-minute chart shows the market is sliding to the $0.122000 demand level and the buyers are climbing the market. This is expected to peak at the demand level, after which the coin is expected to surge upward.
Most of the 15-minute candlesticks are submerged below the MA period 100. The Stochastic Oscillator lines, which have been largely flowing in the bullish half of its chart, have now dropped into oversold as the price slides to the demand level. DeFI Coin is expected to spring back to 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.