Defi Coin Price Forecast: September 22
DEFCUSD is really trying hard not to decline. The crypto may likely continue its upward rally and reach the upper resistance level of $0.4000 and beyond if the bulls should increase their price action in the market.
DEFC Price Statistics Data:
DEFC price now: $0.07496
DEFC market cap: $7.48M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6127
Key Levels:
Resistance Levels: $0.07900, $0.08000, $0.08100
Support Levels: $0.07400, $0.07300, $0.07200
DEFCUSD Long-term Trend: Bullish (1-hour chart)
DEFCUSD turns positive today. The price is moving in an uptrend in the H1 timeframe, making higher highs and moving toward its major resistance. The price is trading above the moving averages as can be seen from the 1H chart above.
The crypto shows a steady recovery rally to a $0.07496 supply level above the moving averages which indicates that the bulls are actively buying the coin.
The Defi Coin market is facing strong supply pressure and could remain until the coin price stays above the $0.07900 resistance level within the channel pattern resulting in more gains for the buy traders.
In addition, the momentum indicator shows that the price signal is also moving upward at around level 40% in the oversold region as we expect the price of Defi Coin to reach up to the $0.4000 significant level in the days ahead in its long-term perspective.
DEFCUSD Medium-term Trend: Bullish (15-Minutes Chart)
DEFC Price Reaching Up to $0.4000 High-Level
The price movement of Defi Coin is currently seen to be in the bull’s direction in the medium-term outlook.
The price opened lower but managed to trade in green at the $0.07496 resistance level over the past few hours, resulting in intraday gains. If the price closes above this level, it would be a turnaround for DEFCUSD.
However, there is a possibility of a further rise in the price of the crypto as the market value is pointing up in the daily stochastic.
Buyers are likely to continue with the bullish race and with this trend, the price is bound to reach a significant level of $0.2000 or beyond as the market turns to a bullish zone in its lower time frame.
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