Defi Coin Price Forecast: October 3
Previously Defi Coin has been having high interference from buyers which really made it easier for the cryptocurrency to maintain stable upside moves. Should the coin price turn up from the $0.08809 support and jump above the $0.09337 supply mark, the bearish thesis would get invalidated.
DEFC Price Statistics Data:
DEFC price now: $0.08809
DEFC market cap: $8.681M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6062
Key Levels:
Resistance Levels: $0.08900, $0.09000, $0.09100
Support Levels: $0.08500, $0.08400, $0.08300
DEFCUSD Long-term Trend: Bullish (1-hour chart)
Here, the DEFCUSD market still trades in a bullish trend. The sustained upward pressure at the $0.08832 mark during yesterday’s session actually made it capable for the buy investors to retain the strength.
Today, despite the moves by the sell traders the price of Defi Coin remains in an uptrend at the $0.08809 support value which is above the two EMAs. A possible breakout from the current support value will provide a higher float for buyers and prolong the ongoing recovery.
Further, it is very likely for the coin price to rise further as the market is now trading at the oversold region, this means that the selling pressure will end soon. So we expect the new correction to retest a $0.400 resistance value in its long-term scenario.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)
DEFC Price Targeting the $0.400 Supply Value
The Defi Coin price is in a bearish move in its lower time frame. The sell traders are now involved in the price action.
The buyers are also trying, after a series of sideway moves the bulls made a positive ride to a $0.08826 high level, the momentum lost while the bears now returned the price to a low at $0.08809 mark below the two EMAs. Hence, traders can use this opportunity to buy the currency pair at a low price for more future gains.
Meanwhile, DEFCUSD may possibly resume an upward race soon as the market now trades below the 20% range of the price momentum. The price might probably retest the $0.400 supply level soon in its lower time frame.
You can purchase DeFi Coin here. Buy DEFC
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