Defi Coin Price Forecast: October 1
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 potential rally. If the forces from the buyers in the market should increase and the current support level at $0.08586 holds, the coin price may retest the $0.2000 and beyond.
DEFC Price Statistics Data:
DEFC price now: $0.08741
DEFC market cap: $8.66M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6434
Key Levels:
Resistance Levels: $0.08700, $0.08800, $0.08900
Support Levels: $0.08500, $0.08400, $0.08300
DEFCUSD Long-term Trend: Bullish (1-hour chart)
At the time of writing, DEFCUSD is trading in an uptrend in its long-term perspective. The price bar can be seen above the moving averages which confirm its bullishness.
The bulls actually made a jump with a long bullish doji candle to the $0.08741 supply level above the two EMAs as the 1-hourly session opens today; this really enables the buy traders to sustain the upward rally.
The current price of Defi Coin at the $0.09331 high level which is above the moving averages suggests that the bulls are 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 $0.1500, 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
Here on the 15-minute chart, DEFCUSD is trading in a bullish market zone despite the inflows from the sell traders.
The coin has been consolidating in the previous action after which the buyers pushed the price up to a high at the $0.09337 mark, exhaustion now set in while the sellers drove the price down to a low at $0.08741 level above the EMA-50 but below the EMA9. This indicates an uptrend in the context of the strength of the market. Thus, if the buyers could sustain above the current supply level then the bullishness impact will be affirmed.
Hence, further upsides are certain as indicated by the price indicator showing that the coin is oversold already, meaning that a further rise in the market value of the coin is certain and the price might possibly reach the $0.2000 resistance mark soon in the lower time frame.
You can purchase Defi Coin here. Buy DEFC
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