DEFC Bulls Sustain Recent Rallies, Build Strength in a Market Surge

Defi Coin Price Forecast: August 4
DEFCUSD is set for upside momentum as buyers build strength in a market surge. The altcoin breaks above the moving average lines to resume an uptrend. There will be a sustained price movement if price holds above the moving averages lines. The buyers’ initial target will be the high of $0.3000 .

DEFC Price Statistics Data:
DEFC price now – $0.1296
DEFC market cap – $1,515,826
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $12,960,343
DEFC Coinmarketcap ranking – #5902

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)

Defi Coin is in an uptrend as price breaks above the moving average lines. The crypto’s price broke above the moving lines and would resume upward after retesting it. Meanwhile, buyers will have to overcome the resistance at level $0.1586 to rally to the previous highs. For instance, a break above the resistance at $0.1586 will catapult the coin to the high of $0.3300. The bullish momentum will extend to high of $0.3869. Further upsides are possible  as the altcoin revisits the overbought region at $0.5668.

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

On the lower time frame, Defi Coin price is making higher highs and higher lows as buyers build strength in a market surge. Each time the coin retests the moving average lines, it will rebound to the previous highs. Defi Coin is above the 60% range of the daily stochastic. It indicates that the market is a bullish momentum. The coin is likely to revisit the previous highs.

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