Defi Coin Price Forecast: September 15
There is a possibility for the DEFCUSD price to move further and test the $0.07906 supply level, should the bulls increase their pressure, the current supply level may not hold and may be exposed to another previous high at the $0.4000 resistance level.
DEFC Price Statistics Data:
DEFC price now: $0.07226
DEFC market cap: $7.73M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6183
Key Levels:
Resistance Levels: $0.07600, $0.07700, $0.07800
Support Levels: $0.06700, $0.06600, $0.06500
DEFCUSD Long-term Trend: Bearish (1-Hour Chart)
The market value of the DEFCUSD is trading in a bearish zone in its long-term perspective. The short traders are now involved and this makes the price trade below the moving averages.
The price opened lower but tried to trade in green over the past few hours. The price made a correction and finds reliable resistance at the $0.07226 level resulting in intraday gains. With this pullback, we can grow in confidence that a potential buyer is coming near. BUY!
Next, the selling pressure has reached bearish exhaustion as indicated by the daily stochastic, which is pointing upwards at around 17% in the oversold region.
It is therefore expected of the buyers to push the price of Defi Coin up to a key level above the current resistance level.
The bulls might possibly rally up to a $0.4000 high level soon in its long-term perspective.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFCUSD to Reach the $0.4000 High-Level
Defi Coin price is moving in an uptrend on the 15-minute timeframe, making higher highs and moving towards its major resistance. Further, the price is now trading above the 9-day EMA and below the 50-day EMA.
The impulse move by the bulls from $0.07222 to a $0.07226 supply level above the EMA-9 indicates that the buy investors are coming dominant in the market and are set to push the price of the crypto further up.
Thus, a close above a $0.09000 high level will invalidate the bearish outlook and the price could rise further to the $0.4000 resistance value in the coming days in its lower time frame.
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