Thus, buy investors can buy the coin at a lower price at the moment and move the price of the crypto further upward.
#Top defi coins series
This is due to the bearish impact on the market.Īfter a series of sideway moves, the inflows from the bears dropped the price of the DEFCUSD pair down to a low at $0.07321 level below the two EMAs. The currency pair is bearish in its medium-term perspective. This will reflect an increase in the trend momentum.Īdditionally, a rise in the upcoming rally and breakout above the $0.08852 high value may turn around the market price of DEFCUSD and the recovery pattern might reach a $0.200 supply trend line in the days ahead in its higher time frame.ĭEFCUSD Medium-term Trend: Bearish (1H Chart) However, long traders can join the market or invest in the crypto with the current trend and buy at a lower rate for more gains in the future. Today, the bulls are trying hard to remain above the $0.08764 supply mark, so there is a possibility for the coin price to pull back at the current support of $0.07321 to invalidate the bearish theory. Thus, the current trend will soon end as the buy traders are still within the market to influence the buying tendency. Support levels: $0.07200, $0.07100, $0.07000ĭEFCUSD Long-term Trend: Bearish (4H Chart)ĭefi Coin price is in a bearish market at the moment in the higher time frame, this is because the sell traders are now involved in the order flow.įurther, the price action can be seen below the two moving averages. The upcoming bullish pattern may push the price to the $0.200 resistance mark.
Therefore, the coin price breakup from the support trend line at $0.07321 will release the trapped bullish momentum. The Defi Coin price is very likely to face the positive side soon after completing the dip lows. Join Our Telegram channel to stay up to date on breaking news coverage
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