DeFi Coin Price Prediction – August 23
The Defi Coin price is struggling heavily not to fall and it could remain and continue to face the positive side of the bulls should intensify their effort and break up the $0.07045 resistance level. The coin may likely be heading toward the $0.500 supply level.
Resistance levels: $0.06900, $0.07000, $0.07100
Support levels: $0.06800, $0.06700, $0.06600
DEFCUSD Long-term Trend: Bearish (4H Chart)
From the chart above we can see the DeFi Coin price below the moving averages; this means that the coin is in a bearish market zone. The coin may head towards $0.500.
Today, the price pulls back to a level of $0.06738 which later increases to a $0.06896 high level indicating the bulls’ gradual return to the market.
However, the currency pair could grow further if the bull traders managed to break up above the $0.1328 level, maintaining further growth potential for the buy traders.
Next, the price will rise further as shown by the stochastic indicator which is pointing up; this means that more upsides are certain in the days ahead in its long-term outlook.
DEFCUSD Medium-term Trend: Bearish (1H Chart)
The currency pair is showing a bearish sentiment. The price actions can be seen below the moving averages.
Now, DEFCUSD’s price at the $0.06922 resistance value, slightly above the EMA-9 is an indication that buyers are gradually returning to the market.
Meanwhile, a further rise in the market price of the crypto is possible, if the buy traders can trigger their buying pressure and break up the $0.09000 level. The price might possibly reach a $0.500 supply level in its lower time frame.
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