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Defi Coin (DEFC) Remains in an Uptrend

Johnathon Fox
09/06/2022 | UPDATED ON: 09/06/2022

Defi Coin Price Forecast: September 6
DEFCUSD price is facing an upside and may likely remain or continue in the same race, provided the bulls push higher and the price closes above the $0.00900 supply value. Then the investors can look for more gains.

DEFC Price Statistics Data:
DEFC price now: $0.07532
DEFC market cap: $7.52M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6178

Key Levels:
Resistance Levels: $0.07500, $0.07600, $0.07700
Support Levels: $0.07200, $0.07100, $0.07000
DEFCUSD Long-term Trend: Bullish (1-hour chart)DEFCUSD Long-term Trend: Bullish (1-hour chart)
DEFCUSD price is in a bullish market zone in its long-term outlook. Despite the interference of short-term traders in the price flow, the long-term market shows a bullish race.

The coin made higher highs and moved up to a $0.07534 major resistance level after which the sell traders returns briefly and dropped the price to a low of $0.07532 above the moving averages as the 1-hourly session begins today. This suggests an uptrend and also the buyers are having the price of DeFi Coin at their disposal at the present.

Thus, there is a high probability for the crypto to move higher above the current resistance zone as the bulls remain dominant in the market.

Therefore if the current support holds and the bulls should increase their activities in the market, Defi Coin price may likely reverse and face the upside more and may likely retest the $0.1000 high level in its long-term view.

DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)DEFC Buyers Dominating

In the lower time frame, the buyers are also leading the market. The currency pair is in an upward move.

The bulls caused a rise to the $0.07534 supply level, the momentum lost while the bears inroad and push the price down to a $0.07532 low level above the moving averages as the 15-minutes chart opens today. An indication of bullish momentum. Staying above the moving averages will give the buy traders the motive to influence the price tendency.

Now, if the price on the 15-minute chart closes above the $0.008500 supply level, then there is a high probability of the price going up to its previous swing, which is a $0.1000 supply level 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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