Defi Coin Price Forecast: October 7
DEFCUSD price action is now responding to the positive sentiment in the market. However, if the new correction breaks the $0.07753 resistance mark, as a result, the coin may possibly reach the $0.3000 high trend line and beyond.
DEFC Price Statistics Data:
DEFC price now: $0.07422
DEFC market cap: $7.44M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6061
Key Levels:
Resistance Levels: $0.07500, $0.07600, $0.07700
Support Levels: $0.07210, $0.07110, $0.07000
DEFCUSD Long-term Trend: Bullish (1-hour chart)
DEFCUSD is trading in an uptrend. The price opened lower but managed to trade in green over the past few hours.
Earlier today, the coin gave a bearish impulse move from the $0.07482 level down to the $0.07389 support value. Shortly, the bears lost momentum while the buyers returned with a pullback phase at the $0.07422 supply mark to resume the potential bullish rally.
Therefore, the buy investors need to push higher and break out from the overhead trend line with substantial volume to signal the resumption of the ongoing uptrend.
Next, pointing up at the oversold region of the market means that the Defi Coin sell traders are done, so the buying pressure will definitely continue and this may possibly reach the $0.3000 high trend line soon in the long-term view.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
Defi Coin Price is Going Up
The coin is trading above the EMA-9, this means that the DEFCUSD market is in a bearish trend zone on the 15-minute chart.
The crypto has been consolidating in the past few hours and also dropped to a low at $0.07389 level after which the upward movement resumes at a $0.07422 high level.
Further upsides are certain as indicated by the price indicator pointing upwards in the oversold region, meaning that a further rise in the market value of the coin is certain and in this case, it may hit the $0.3000 supply mark soon in the lower time frame.
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