{"id":341913,"date":"2022-08-23T03:01:44","date_gmt":"2022-08-23T07:01:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=341913"},"modified":"2022-08-23T03:01:44","modified_gmt":"2022-08-23T07:01:44","slug":"defi-coin-price-prediction-defc-may-head-towards-0-500","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/defi-coin-price-prediction-defc-may-head-towards-0-500","title":{"rendered":"DeFi Coin Price Prediction: DEFC May Head Towards $0.500"},"content":{"rendered":"\r\n

DeFi Coin Price Prediction \u2013 August 23<\/strong>
The Defi Coin<\/a> 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.

Key Levels:<\/strong><\/em>
Resistance levels: $0.06900, $0.07000, $0.07100<\/strong><\/em>
Support levels: $0.06800, $0.06700, $0.06600<\/strong><\/em>

DEFCUSD Long-term Trend: Bearish (4H Chart)<\/strong>\"FromFrom the chart above we can see the
DeFi Coin<\/a> 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\u2019 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)<\/strong>\"From<\/p>\r\n

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.

You can purchase DeFi Coin here.
Buy DEFC<\/a><\/p>\r\n

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