DEFC Remains Bullish After It Retraces Above $0.07500

Defi Coin Price Forecast: August 31
Defi Coin is in a downward correction as it remains bullish after it retraces above $0.07500. The price action is characterized by small body indecisive candlesticks. The coin has fallen to the oversold region of the market.

DEFC Price Statistics Data:
DEFC price now – $0.07085
DEFC market cap – $825,335
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $7,085,499
DEFC Coinmarketcap ranking – #5815

Key Levels:
Supply Zones: $0.3000, $0.4000, $0.5000
Demand Zones: $0.0760, $0.0730, $0.0700

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

On the 1-hour chart, Defi Coin is trading above the moving average lines. Buyers pushed the coin to the high of $0.07800. The bulls retested the $0.07800 twice but could not break above it. The coin is retracing to the support above the moving average lines. The upward moves will resume if price finds support above the moving average lines. The downtrend will resume if price breaks below the moving average lines.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – It Retraces Above $0.07500

On the 15-Min Chart, DEFCUSD has declined between the moving average lines but remains bullish after it retraces above $0.07500. The altcoin will be compelled to a range-bound move if price holds above the 50-day line SMA. The coin will resume trending when the moving average lines are breached. The crypto is below the 80% range of the daily stochastic. It indicates that the market is in bearish momentum.

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