Defi Coin Price Forecast: October 12
DEFCUSD is in a downward trend and may likely pull back soon to resume an uptrend after updating the lows. Should bulls push higher and the upcoming rally breaks up the previous high at a $0.07339 value, the price might further reach the $0.400 resistance trend line thereby invalidating the bearish sentiment.
DEFC Price Statistics Data:
DEFC price now: $0.07258
DEFC market cap: $7.233M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6120
Key Levels:
Resistance Levels: $0.07500, $0.07600, $0.07700
Support Levels: $0.07200, $0.07100, $0.07000
DEFCUSD Long-term Trend: Bearish (1-hour chart)
Today, after a series of sideway moves, Defi Coin price made a downward move to a low at $0.07258 below the moving averages. In previous price actions, cryptocurrency has been moving in a ranging market.
The coin price is prone to retracement at the current support level, to resume its potential upswing to the upside. However, buyers can invest in the crypto at the present trend pattern at a lower price for more future gains.
Meanwhile, DEFCUSD is about to experience more upsides and may be the time to buy soon as the stochastic indicator has reached the oversold region, meaning that the market value of the coin is poised to advance to the upside and may likely reach the $0.400 resistance trend line in the coming days in its higher time frame.
DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)
DeFi Coin Price to Increase Soon
On the 15-minute chart, DEFCUSD is showing a bearish scenario. The coin has been consolidating in the past few hours at the $0.07321 resistance level after which the downside movement set in at a $0.07258 support value.
Hence, further upsides are certain as the Defi Coin market is oversold already as indicated by the momentum indicator. This means that selling pressure will be exhausted soon and the bullish pattern will be displayed.
So, the bulls are expected to emerge and take us higher to a significant level of $0.400 resistance value sooner in the lower time frame.
You can purchase DeFi Coin here. Buy DEFC
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