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Defi Coin Price Forecast: DEFC Pauses above $0.1250 as Bulls Buy the Dips

Defi Coin Price Forecast: DEFC Pauses above $0.1250 as Bulls Buy the Dips
Defi Coin Price Forecast: DEFC Pauses above $0.1250 as Bulls Buy the Dips

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Defi Coin Price Forecast: August 18

 Defi Coin declines from the high of $0.1461 and pauses above $0.1250 as bulls buy the dips . Following the rejection on August 8, DEFC has continued its downward move. The bears have broken below the moving average lines, signaling further downward move.

DEFC Price Statistics Data:
DEFC price now – $0.1206
DEFC market cap – $1,405,466
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $12,061,582
DEFC Coinmarketcap ranking – #5257

Key Levels:
Supply Zones: $0.3000, $0.4000, $0.5000
Demand Zones: $0.1000, $0.2000, $0.2500

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

The cryptocurrency is in a downtrend as the crypto’s price is making a series of lower highs and lower lows. Today, the bears are retesting the lower lows of $0.1250 of August 17. The altcoin will further decline if the bears break below the $0.1250 support. On the other hand, DEFCUSD will resume a fresh uptrend if the current support holds. The altcoin will rise and retest the initial resistance at $0.1280. Nevertheless, it is below 20% range of the daily stochastic. This indicates that  the selling pressure is likely to end. Also, buyers are expected to emerge in the oversold region to push prices upward.

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DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – Pauses above $0.1250 as Bulls Buy the Dips

Defi Coin price is consolidating above the current support but pauses above $0.1250 as bulls buy the dips. Buyers are attempting to push the cryptocurrency above the moving average lines. Also, a long period of consolidation will lead to a price rebound or breakdown. A price rebound will signal the resumption of an upward move. There is the possibility of an uptrend as the market reaches the oversold region.

  Defi Coin Price Forecast: DEFC Pauses above $0.1250 as Bulls Buy the Dips
DEFCUSD – 15 Mins Chart

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