Defi Coin Price Prediction: July 21
DEFCUSD is in a downward correction as it targets the $0.1200 high. The altcoin bounced above the July 16 price drop of $0.08040. The current price level has broken above the previous low of May 4 and has corrected upwards. On May 4, the current support was held as the altcoin rebounded to the high of $0.5668.
Statistical data on DEFC prices:
DEFC Price Now – $0.08991
DEFC Market Cap – $1,055,342
Circulating supply DEFC – 11,674,835.00 DEFC
Total DEFC Procurement – $8,991,236
DEFC Coinmarketcap Ranking – #6259
Supply Zones: $0.3000, $0.4000, $0.5000
Ask areas: $0.1000, $0.2000, $0.2500
DEFCUSD Long Term Trend: Bullish (1 hour chart)
During the July 20 price crash, the altcoin fell as low as $0.08790 and resumed consolidation above the current support. The $0.08790 support is the historical price level from May 4th. On May 4, the altcoin rebounded to its previous highs. Today, Defi Coin resumed an upward movement. On July 20, the cryptocurrency already fell into the oversold region of the market. Buyers are attracted by lower price levels. The current uptrend will be accelerated if the bulls break above the moving average lines. On the upside, the altcoin is likely to face resistance at the $0.09400 high. A break above the $0.09400 resistance will propel the coin to the high price level of $0.1200.
DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)
Defi Coin has crossed the 21-day SMA line, but it is closing in on the 50-day SMA line as it targets the $0.1200 high. A break above the 50-day SMA line will signal the resumption of bullish momentum. The altcoin will rise and have an accelerated move above the moving average lines. Defi Coin is above the 75% range of the daily Stochastic. This indicates that the market is in a bullish momentum approaching the overbought region.
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