Defi Coin (DEFC) Price Recovery Next Target is $0.400, Supply Mark

Defi Coin Price Forecast: October 17
DEFCUSD price is bound to move up and gain more strength if all the current support holds and the bulls should increase their momentum and break up the $0.07223 resistance trend line, the price may turn upsides and retest a $0.400 upper high level.

DEFC Price Statistics Data:
DEFC price now: $0.06766
DEFC market cap: $6.77M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6246

Key Levels:
Resistance Levels: $0.07600, $0.07700, $0.07800
Support Levels: $0.06700, $0.06600, $0.06500
DEFCUSD Long-term Trend: Bullish (1-hour chart)
DEFCUSD is in a bearish market zone. This is due to the interference from the sellers which is about to end soon.

Earlier today, the coin has been moving in sideways with a bullish candle at the $0.06749 level. The long traders after pushing harder, successfully break out the supply value at a $0.06770 green mark.

However, the bulls lost the pattern while the sellers returned briefly and drove the price of the crypto down to $0.06766 slightly above the EMA-9; this is an uptrend and will also make it capable for the coin price to jump to the upside.

Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels and the upcoming rally may retest the $0.400 high mark in the coming days in its higher time frame.

DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)DEFC Price Reaching a $0.400 High-Level Soon
Due to the interference of the sellers in the market at the moment, DEFCUSD is in a bearish trend move.

After a series of ranging movements, the bulls eventually made an increase to the $0.06770 resistance level after which the sell traders came in and drove the price down to $0.06766 shortly after today’s 15-minutes chart opens.

Thus, the price is likely to reverse and rise soon if the long traders could increase their tension and the daily candle closes above the $0.07600 supply mark. If this is achieved, the coin price may possibly hit a significant level at $0.400 at the upside in its lower time view.

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