DeFi Coin (DEFC) Price Analysis – August 14
After last month’s fall paused on the approach to daily cloud base and
subsequent positive finish, the DEFC continues to consolidate its position in
early August as recovery sustains, buyers are adding additional evidence to
cement reversal. On July 31, the team said it will lock in DeFi Coin Liquidity
for a one-year contract within 72 hours. Locking liquidity not only protects
trade volume but also demonstrates a commitment to the DeFi Coin Protocol.
Key Levels
Supply Levels: $2.186, $1.500, $1.277
Demand Levels: $0.661, $0.500, $0.075
DeFi Coin (DEFC) 12-Hour Chart: Ranging
The DeFi Coin (DEFC) will most likely rebound from the ascending
trendline support around the $0.833 level before recovering to the $1.277
resistance level, according to the price most likely scenario. Alternatively,
until a new fundamental catalyst arises to prompt a range breach, the DEFC
could remain range-bound between $0.661 and $1.277.
However, the positive relative strength index (RSI) price divergence in
the coin is still extending up to $1.500. This raises the probability of the
coin rallying to rise in the medium run. A notable entry for the DEFC will be
on a bounce off the ascending trendline at $0.833 or on a reach of the
horizontal support level at $0.661 if a short decline occurs.
Source: https://deficoins.io/
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