Defi Coin Price Forecast: October 11
The DEFCUSD pair is facing the upside at the present. The coin price could extend its recovery and break up the $0.07561 high value if the Bull Run should increase with substantial volume, the target might be the $0.450 resistance trend line and beyond.
DEFC Price Statistics Data:
DEFC price now: $0.07313
DEFC market cap: $7.278M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6890
Key Levels:
Resistance Levels: $0.07600, $0.07700, $0.07800
Support Levels: $0.07200, $0.07100, $0.07000
DEFCUSD Long-term Trend: Bullish (1-hour chart)
The Defi Coin is showing a bullish sentiment in its long-term area as can be seen clearly from the chart above. The price is in an ascending channel above the EMA-9 approaching the EMA-50, this means that the market is in an uptrend.
Today, the buy investors made a smooth ride up to the $0.07313 supply mark above the EMA-9 shortly after the 1-hourly chart opens. This however is an indication of the sellers’ hibernation. If the bulls could add more aggression to their market conditions and sustain above the $0.07561 previous high value, the bearish sentiment will be invalidated and a clear buy signal will showcase.
In addition, we can certainly expect more actions from the bulls as the price indicator is pointing up, this implies that the buy traders are clustered around the market and more upsides are still possible, the potential rally might possibly reach the $0.450 supply trend mark in the days ahead in the higher time frame.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC Price Is Increasing
On the lower time frame, the currency pair is progressing upward. The price bars are now seen above the moving averages which indicate an uptrend.
The buyers made a smooth ride up to a $0.07363 high mark, the sellers’ inroad, and dropped the price down to the $0.07274 support value as the 15-minute chart opens today.
The bulls couldn’t relent, so, after a series of sideway moves, the bulls successfully push the price of DEFCUSD up again from the $0.07299 level to the $0.07313 supply trend line. This however will encourage more buying orders.
Meanwhile, buyers are expected to continue with the bullish trend as the bulls are still within the overbought region; therefore, Defi Coin price may likely continue its positive move and this may reach a significant level at $0.450 in the upside soon in the short-term perspective.
You can purchase DeFi Coin here. Buy DEFC
Leave a Reply