Defi Coin Price Forecast: September 17
DEFCUSD might finish the downward move and start reversing soon as the market is oversold already. Therefore if the current support at the $0.07108 level holds and the bulls concentrate more on their price actions, the price may likely face the upside and hit the $0.400 supply level soon.
DEFC Price Statistics Data:
DEFC price now: $0.07108
DEFC market cap: $7.25M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #7009
Key Levels:
Resistance Levels: $0.07800, $0.07900, $0.08000
Support Levels: $0.07100, $0.07000, $0.06900
DEFCUSD Long-term Trend: Bearish (1-hour chart)
Defi Coin price is in a bearish trend in the long-term outlook, making lower lows and moving towards its major support. This is because the short traders are now involved in the order flow.
The crypto is losing bullish momentum as it drops below the $0.07373 resistance level as the 1-hourly chart opens today. Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels.
However, investors can buy the coin at a cheaper rate while joining the buy traders to achieve more future gains.
Meanwhile, there is a possibility of a price reversal as the market is oversold, the buy traders are now expected to return the price of DEFCUSD to the upside and the coin might reach a $0.400 high level in the coming days in its higher time frame.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)
Defi Coin (DEFC) to Face the Upside Soon
The market price of DEFCUSD is down as well on the I5-minute chart with a long bearish candle at $0.07108 support value below the moving averages.
Buyers must redouble their efforts to forecast a bullish increase in the market above the $0.07400 supply level. Instead, as momentum continues to deteriorate, the sale will intensify.
Hence, further downside is unlikely as the market value of Defi Coin is below the 20% range of the daily stochastic, which means that the selling pressure will end soon and the bulls will emerge to resume the upward rally.
The price is expected to reach the $0.400 resistance value soon in its upcoming trend in its lower time frame.
You can purchase DeFi Coin here. Buy DEFC
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