Defi Coin Price Forecast: October 8
DEFCUSD is currently wobbling in a short-range market. Should the buyers put more aggression and bring more buying orders into the market, the bullish pattern breakout may surge above the $0.200 supply value.
DEFC Price Statistics Data:
DEFC price now: $0.07543
DEFC market cap: $7.553M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5919
Key Levels:
Resistance Levels: $0.07800, $0.07900, $0.07800
Support Levels: $0.07300, $0.07200, $0.07100
DEFCUSD Long-term Trend: Bullish (1-hour chart)
The DEFCUSD pair is in a bullish move in the long-term view. The short traders are also involved in the order flow at the moment; nevertheless, the price movement is about encountering a turnaround as the bulls will soon return to move the coin price up.
Having reached the supply value at $0.07667, the short traders’ in-road dropped the crypto’s price down to a low at the $0.07506 mark above the EMA-9, this means that the bulls are still stronger despite the intervention from the sellers.
The buy traders now pull back at the $0.07543 high mark is an indication that the buyers are coming to sustain and stabilize the market.
Meanwhile, substantial bullish volume is sure as the stochastic indicator shows that the price is pointing up in the oversold region. Thus, the bullish breakout may reach the $0.200 resistance trend line in the days ahead in its long-term time frame.
DEFCUSD Short-term Trend: Bullish (15-Minute chart)
On the short-term outlook, Defi Coin price is in a bullish scenario. The price now trades above the moving average-9, which means that the momentum in the price of the coin is in an uptrend.
Earlier today, the buyers made a ride up to the $0.07665 high value after which the short traders returned the price to the $0.07506 support value.
The long traders returned with a huge volume and pull back at the $0.07543 supply level. This bullish breakout from the overhead trend line with substantial volume signals the resumption of the prevailing uptrend.
In addition to that, the price is pointing up on the daily stochastic, which means that the buying pressure may likely continue and the breakout pattern might possibly hit the $0.200 high value soon in its short-term perspective.
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