DeFi Coin Price Prediction – August 2
The Defi Coin price may probably resume its upside move, if the bulls increase their tension in the market, the price tendency will move above the key levels and the $0.1262 upper resistance level might be reached.
Key Levels:
Resistance levels: $0.1221, $0.1321, $0.1421
Support levels: $0.1095, $0.0995, $0.0895
DEFCUSD Long-term Trend: Bullish (4H Chart)
The momentum on the higher time frame (4H) is bullish. The price of Defi Coin which is currently trading slightly above the EMA-50 and below the EMA-9 at the $0.1089 support level as the 4-hourly session opens today, implies that the momentum in the price of the Coin is in an uptrend in the context of the strength of the market.
In case the bulls try to increase their pressure, the resistance level of $0.1250 may be tested which may be a broken upside, and the price increases to $0.1262 and beyond.
The DEFCUSD is unlikely to fall again as the market has reached the oversold region, this means that the pair may likely resume the upward trend if the current support level holds. The bulls are expected to push the market price of the coin up to a $0.1262 significant level soon in the long-term perspective.
DEFCUSD Medium-term Trend: Bearish (1H Chart)
DEFCUSD is in a bearish market zone on the lower time frame (1H). The bulls caused a rise to a $0.1112 high level as the 1-hourly chart opens today.
However, the market value of the coin at a $0.1089 low level below the moving averages will enable the buyers to buy at a lower price.
The momentum indicator also shows that the market is oversold already, this will enable the buy traders to resume their upward move soon and take the price of Defi Coin up to a high level of $0.1261 and beyond in its medium-term perspective.
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