Defi Coin Price Forecast: DEFC Remains Bullish as It Targets the $0.1200 High

Defi Coin Price Forecast: July 21
DEFCUSD is in a downward correction as it targets the $0.1200 high. The altcoin rebounded above the July 16 price slump of $0.08040. The current price level broke the previous low of May 4 and made an upward correction. On May 4, the current support was held as the altcoin rebounded to the high of $0.5668.

DEFC Price Statistics Data:
DEFC price now – $0.08991
DEFC market cap – $1,055,342
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply -$8,991,236
DEFC Coinmarketcap ranking – #6259

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)

On July 20 price slump, the altcoin fell to the low of $0.08790 and resumed consolidation above the current support. The $0.08790 support is the historical price level of May 4. On May 4, the altcoin rebounded to its previous highs. Today, Defi Coin has resumed an upward move. On July 20, the cryptocurrency has already fallen to the oversold region of the market. Buyers are attracted at lower levels of price. The current uptrend will be accelerated if the bulls break above the moving average lines. On the upside, the altcoin is likely to face resistance at the high of $0.09400. A break above the $0.09400 resistance will propel the coin to the high of $0.1200 price level.

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

Defi Coin has broken the 21-day line SMA but it is approaching the 50-day line SMA as it targets the $0.1200 high. A break above the 50-day line SMA will signal the resumption of upside momentum. The altcoin will rise and have an accelerated movement above the moving average lines. Defi Coin is above the 75% range of the daily stochastic. It indicates that the market is in a bullish momentum as it  approaches the overbought region.