DEFC Price Close to $0.1300 Supply Level
DeFi Coin Price Prediction – August 30
The Defi Coin price has already increased significantly in the previous actions and the bears are clearly losing control. The crypto may likely hit the previous high at the $0.1300 resistance level provided the current support level at $0.06957 holds.
Key Levels:
Resistance levels: $0.08000, $0.08100, $0.08200
Support levels: $0.07400, $0.07300, $0.07200
DEFCUSD Long-term Trend: Bullish (4H Chart)
DEFCUSD is in a bullish trend in its long-term outlook. . The sustained bullish pressure pushed the currency pair up to the $0.07179 supply level during yesterday’s session and sustained it.
The bulls continue the journey up north to the $0.07324 as the 4-hourly session resumes today. The price bars are above the EMA-9; this indicates that the bulls are coming gradually into the market to stage a play.
However, if the buy traders successfully keep the DeFi Coin prices above $0.08000, a retest of the previous high at the $0.1300 level is possible in the coming days.
DEFCUSD Medium-term Trend: Bearish (1H Chart)
DEFCUSD can be seen progressing forward in its medium-term perspective. The buyers are having the market at their disposal at the moment.
Today, the bulls caused a rise to a $0.07324 high level above the moving averages to resume its uptrend. From the look of things, it seems it will keep growing.
In addition to this, the Defi Coin price is pointing upward on the daily stochastic, indicating an upward move. We, therefore, expect a breakup of $0.07500 and growth of the price to the resistance of $0.1300 in the nearby days in its lower time frame.
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