Defi Coin Price Forecast: September 16
There is a possibility for the DEFCUSD to experience a bullish reversal price action and the price could be ready very soon for another upward move potential. If the forces from the buyers in the market should increase and the current support level at $0.07348 holds, the coin price may retest $0.2000 and beyond.
DEFC Price Statistics Data:
DEFC price now: $0.07348
DEFC market cap: $7.35M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6060
Key Levels:
Resistance Levels: $0.07600, $0.07700, $0.07800
Support Levels: $0.07100, $0.07000, $0.06900
DEFCUSD Long-term Trend: Bullish (1-hour chart)
At the time of writing, DEFCUSD is trading in an uptrend. All eyes are glued on the $0.08500 but seller congestions at $0.07348 have become impenetrable. The bulls are also battling resistance at the $0.07373 level.
The bulls actually made a jump to the $0.07373 supply value above the EMA-9 during yesterday’s session; this really enables buy traders to sustain the upward rally.
The current price of Defi Coin at the $0.07348 support level which is above the EMA-9 suggests that the bulls remain dominant in the market. This will give the buy traders the motive to influence the price tendency.
Now, if the price on the 1-hourly chart closes above $0.008500, then there is a high probability of the price going up to its recent swing high, which is $0.2000 soon in its higher time frame.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC Price likely to Reach a $0.2000 High-Level Soon
Despite the interference from the sell traders on the lower time frame, the currency pair is in an upward move.
The price of DEFCUSD has been trading in a sideway move in the previous action after which the bears returned and broke the price down to a $0.07348 low level above the EMA-50 but below the EMA-9 as the 15-minute chart opens today. Despite the drop in price, Defi Coin looks promising.
In addition, further upsides are likely as the market is oversold. This will compel the buy traders to resume the upward rally and this time around the bulls may likely revisit the $0.2000 supply level soon in the lower time frame.
You can purchase DeFi Coin here. Buy DEFC
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