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Defi Coin (DEFC) Price is Setting Up for an Increase

Johnathon Fox
10/15/2022 | UPDATED ON: 10/15/2022

Defi Coin Price Forecast: October 15
DEFCUSD is at the moment in a bearish trend and showing a sign of pulling back to the resistance after updating lows. If the potential price corrections make a test at the $0.07500 supply mark, the price may likely extend to a $0.500 high value at the upside.

DEFC Price Statistics Data:
DEFC price now: $0.06894
DEFC market cap: $6.952M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6147

Key Levels:
Resistance Levels: $0.07500, $0.07600, $0.07700
Support Levels: $0.06700, $0.06600, $0.06500
DEFCUSD Long-term Trend: Bearish (1-Hour chart)
DEFCUSD Long-term Trend: Bearish (1-Hour chart)
DEFCUSD pair is in a bearish trend zone on the 1-hourly chart. This is due to the outcome of the sellers’ inflow in the market.

However, the pair has reached the $0.07207 high trend line as the 1-hourly chart opens today after which the coin started ranging and dropped to the $0.06789 support level.

The buy investors made a comeback correction at the $0.06894 supply mark to show the buyers reattempt for a bullish breakout. An additional force from this upcoming rally should trigger a significant correction toward the upper resistance area.

Furthermore, the price of Defi Coin which is pointing upwards in the oversold region below the 20% range of the daily stochastic means that the crypto will continue to rise, and in this case the correction phase may reach the $0.500 upper resistance mark in the days ahead in its long-term outlook.

DEFCUSD Medium-term Trend: Bullish (15-Minutes chart)
DEFC Price in an Attempt to Rising
The DEFCUSD pair now trades in a bullish trend zone on the lower time frame chart. The bulls have made a return to the market to stay and hold the coin.

The coin after completing the lows now made a ride up to a high at the $0.06894 level above the EMA-9; this indicates an uptrend and a return of the buy traders to dominate the price action.

Next, with the price signal pointing upwards suggests that the Defi Coin price will still rise further, so we can be sure of the bullish rally to possibly hit the $0.500 upper high mark soon in its lower time frame.

You can purchase DeFi Coin here. Buy DEFC

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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