DEFC Pauses above $0.1250 as Bulls Buy the Dips

Defi Coin Price Forecast: August 18

 Defi Coin declines from the high of $0.1461 and pauses above $0.1250 as bulls buy the dips . Following the rejection on August 8, DEFC has continued its downward move. The bears have broken below the moving average lines, signaling further downward move.

DEFC Price Statistics Data:
DEFC price now – $0.1206
DEFC market cap – $1,405,466
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $12,061,582
DEFC Coinmarketcap ranking – #5257

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)

The cryptocurrency is in a downtrend as the crypto’s price is making a series of lower highs and lower lows. Today, the bears are retesting the lower lows of $0.1250 of August 17. The altcoin will further decline if the bears break below the $0.1250 support. On the other hand, DEFCUSD will resume a fresh uptrend if the current support holds. The altcoin will rise and retest the initial resistance at $0.1280. Nevertheless, it is below 20% range of the daily stochastic. This indicates that  the selling pressure is likely to end. Also, buyers are expected to emerge in the oversold region to push prices upward.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – Pauses above $0.1250 as Bulls Buy the Dips

Defi Coin price is consolidating above the current support but pauses above $0.1250 as bulls buy the dips. Buyers are attempting to push the cryptocurrency above the moving average lines. Also, a long period of consolidation will lead to a price rebound or breakdown. A price rebound will signal the resumption of an upward move. There is the possibility of an uptrend as the market reaches the oversold region.

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