DEFCUSD Price Forecast: DEFCUSD Is Expected to Rise Following This Retest

DeFI Coin Price Forecast: September 15

The DeFi Coin price forecast indicates that the DEFCUSD market is, at the moment, experiencing strong contention between buyers and sellers. On the trending line, which the price had maintained since the end of the month of August.

DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)

Significant Levels:
Supply zone: $0.07950, $0.07380
Demand zone: $0.07560, $0.06970

As indicated on the price chart, DEFC price experienced a correction between the 6th and 7th of September, around $0.07000 and $0.07100. This occurred just before the market went on to peak at $0.07900, three days apart.

DeFI Coin Price Forecast: Market Outlook

The same phase described above is considered to be what the market is currently experiencing. As a new low has formed, which is expected to trigger the market into another apex.

The ADX indicator (Average Directional Index) confirms the position that the range occurring in the market is soon coming to an end. The strength of the downtrend is indicated to have waned, and DEFC buyers are soon expected to take advantage of the price discount to drive the cryptocurrency’s value higher.

The Stochastic indicator shows that sellers have reached a breaking point, as the market has gotten to an oversold junction. With this, buying actions are expected to return massively as the coin price is expected to hit another peak soon.

DEFC Medium-Term: Trend Bullish (15-Minute Chart)

The Stochastic indicator on the 15-minute chart shows that the market is currently running flat in the oversold region. This would imply that selling activity has slowed, and investors are expected to seize the opportunity.
After the market most likely retests the price at $0.07200, the market is expected to shoot up higher. A new high is anticipated after this retracement.

You can purchase DeFi Coin here: Buy DEFC

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