Defi Coin Price Forecast: September 12
DEFCUSD is trying hard not to fall, however, the pair is having a bullish sentiment at the moment. An increase above the $0.07943 supply level will turn the crypto to the upside and the price might reach the $0.4000 resistance value.
DEFC Price Statistics Data:
DEFC price now: $0.07781
DEFC market cap: $7.769M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6215
Key Levels:
Resistance Levels: $0.07900, $0.08000,$0.08100
Support Levels: $0.06900, $0.06800, $0.06700
DEFCUSD Long-term Trend: Bullish (1-hour chart)
Despite the interference by the short traders, the DEFCUSD pair is having a bullish posture in the long-term view. The short traders are slightly involved in the market flow as can be seen from the chart above.
The crypto made an upward move to the $0.07943 supply level after which the short traders pull the price of the coin down to a $0.07781 low level above the EMA-50 and slightly below the EMA-9 shortly after the 1-hourly session opened today. This will enable the buy traders to influence the price tendency of DEFCUSD to rise further.
Meanwhile, the DeFi Coin price may bounce up soon as the market is in the overbought region of the daily stochastic. So, the price is expected to reverse and face the upside and the $0.4000 level at the upside may be the target in the days ahead in its long-term perspective.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)
DEFC price to Retest $0.4000 High-Level Soon
On the 15-minute chart, the DEFCUSD pair is in a bearish market zone. The short traders are now involved in the market flow.
The bulls caused an increase to the $0.07943 supply level before the arrival of the sellers that dumped the price to a low at the $0.07781 level. Buyers are advised to seize the opportunity and buy the coin at a lower rate now to achieve better gains ahead. If the bulls could push higher the price may rise above the key significant level.
In addition, the price of Defi Coin is likely to turn upside soon as the market is oversold already. This will compel the buyers to resume the bullish race and in this case, the price might possibly jump up to a $0.4000 high level and beyond in its medium-term outlook.
You can purchase DeFi Coin here. Buy DEFC
Leave a Reply