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Defi Coin (DEFC) Price to Retest the $0.400 Supply Level

Johnathon Fox
09/14/2022 | UPDATED ON: 09/14/2022

Defi Coin Price Forecast: September 14
DEFCUSD price might likely appreciate and jump above the $0.08000 resistance value if the forces from the buyers in the market should increase and the current support level at $0.07571 holds. The crypto may hit the $0.400 supply level.

DEFC Price Statistics Data:
DEFC price now: $0.07606
DEFC market cap: $7.73M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6183

Key Levels:
Resistance Levels: $0.07900, $0.08000, $0.0.08100
Support Levels: $0.07400, $0.07300, $0.07200
DEFCUSD Long-term Trend: Bullish (1-hour chart)DEFCUSD Long-term Trend: Bullish (1-hour chart)
The market value of DEFCUSD is in a bullish scenario in its long-term outlook. The price bar can be seen above the EMA-9 approaching the EMA-50. This indicates that the momentum in the price of the coin is in an uptrend.

The buy traders however made a move to the $0.07606 above the EMA-9 after the sellers’ inflow. This implies that the bulls are actively ready to pump the price of Defi Coin to a significant level. Thus, if the 1-hourly candle closes above the $0.08500 resistance level, then we can be assured of a sustained bullish run.

The daily stochastic also indicates that the crypto is in an uptrend while pointing upwards. This means that the price might possibly continue in upward momentum and in this case $0.400 supply level might be reached soon in the higher time frame.

DEFCUSD Medium-term Trend: Bullish (15-Minute Chart) DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)DEFC Price likely to Reach a $0.400 High-Level Soon
The currency pair is in a smooth upward move in its lower time frame. The bulls caused a rise to the $0.07606 resistance level above the moving averages after a series of sideway moves as the 15-minutes chart opens today.

DeFi Coin trading above the moving averages indicates that the bulls are having the market at their disposal at the present, so the buyers are capable of pushing the coin ahead and a key significant level above the $0.8000 resistance level and beyond might be tested.

Further, the coin is pointing upward as shown by the price indicator, this means that the buyers are likely to continue the trend, so we expect the price distribution to reach a significant level 0f $0.400 in the resistance area 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.

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