DEFC Makes Impressive Rebounds as It Targets $0.3000 High

Defi Coin Price Forecast: July 29
Since June 17, DEFCUSD has been in a range-bound move as it targets $0.3000 high. Before the recent price slump, Defi Coin has been characterized by small body indecisive candlesticks called Doji. Doji Candlesticks are responsible for the present range-bound move.

DEFC Price Statistics Data:
DEFC price now – $0.1189
DEFC market cap – $1,379,526
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $11,890,243
DEFC Coinmarketcap ranking – #6185

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)

Today, Defi Coin has resumed an upward move. The crypto’s price is making a series of higher highs and higher lows. The price rebound has reached the high of level $0.1174. On the upside, if buyers keep the price above level $0.1200, the altcoin will rally to the high of $0.1500. The upside momentum will set in when buyers clear the hurdle above $0.1500. Then the altcoin will have a significant price movement to the high of $0,3000 price level.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – It Targets $0.3000 High

On the lower time frame, the altcoin is moving upward significantly to the previous highs as it targets $0.3000 high. Each time the price retest the 20-day line SMA support, the altcoin will rebound to the previous highs. Defi Coin is above the 80% range of the daily stochastic. It indicates that the market is in the overbought region. The coin has reached bullish exhaustion. Further upward move is doubtful.

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