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Defi Coin (DEFC) Sends Clear Bullish Signals

Johnathon Fox
09/10/2022 | UPDATED ON: 09/10/2022

Defi Coin Price Forecast: September 10
DEFCUSD shows a recent breakout signals that the bulls are still strong and we grow in confidence that a potential buy is now. Thus, a clear and further break above the current resistance at the $0.07523 level could fuel further upside in the price.

DEFC Price Statistics Data:
DEFC price now: $0.07523
DEFC market cap: $7.76M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #7370

Key Levels:
Resistance Levels: $0.07500, $0.07600, $0.07700
Support Levels: $0.06800, $0.06700, $0.06600
Defi Coin (DEFC) Sends Clear Bullish SignalsDEFCUSD Long-term Trend: Bullish (1-hour chart)
As can be seen on the chart, the price of DEFCUSD starts to make a higher low formation and started to go higher after taking a retracement at the $0.06998 support level. The price bars are above the moving averages which means that the crypto is trading in an uptrend.

Today, the Defi Coin market price breaks its recent swing high and makes a higher high as well up to a $0.07523 high level, this implies that the buy traders are actively investing in the cryptocurrency for more future gains.

Hence, the coin may continue in the same direction as indicated by the daily stochastic pointing upwards; in this case, the bulls might possibly push the price up to a $0.200 high level soon as we watch the bulls dominating the market in its long-term perspective

DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)DEFC Still Trades in an Uptrend
On the lower time frame, the currency pair is in a smooth upward move. The bulls caused a rise to the $0.07523 resistance level above the moving averages as the 15-minute chart opens today.

DeFi Coin trading above the moving averages indicates that the bulls are having the market at their disposal at the present; there is a possibility for the coin to rise up further and reach the $0.200 resistance level.

Thus, 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 $0.200 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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