DeFI Coin Price Forecast: After a Long Retest, the DeFI Price is Set to Rise to $0.07800.

DeFI Coin Price Forecast: September 6

The DeFi Coin price forecast indicates that the DEFCUSD is set to return to its initial price at $0.07800 after the market retested the supply zone at $0.7050. This recent move is seen as a bid to generate more power as the market continues its climb on the price ladder.

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

Significant Levels:
Supply zone: $0.07800, $0.07050
Demand zone: $0.07190, $0.06740

The market has continued to run in the same form as it moves within the upbound channel. The market retesting its previous restriction zone is a good indicator that the DEFC price is set to move higher. This move is expected to be in a bid to garner the strength necessary to shoot back to the price level of $0.07800.

DeFI Coin Price Forecast: Market Outlook

The Average Directional Index (ADX) indicator already signals a weakness in the current market direction and trend. This implies that the market can be expected to correct upward soon. This adds to the certainty that the DEFCUSD price will not fall any lower from the resistance level it came to retest.

Another indication given by the Stochastic indicator is that the DEFI coin is currently in an oversold region. This readily shows that a correction has to happen, which puts the power back into the hands of the buyers. This juncture, which the indicator insinuates the market is presently at, can only imply a total takeover of the market by the bulls is around the corner.

Since August ended, the market has continued to form a rebounding pattern. The Pattern obviously lies within the bullish channel. That is a new high formed after a higher low had formed. This implies that, for the recent higher low that formed, a new height can be expected to form within the channel.

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

On the 15-minute timeframe, the Average Directional Index (ADX) shows a further decline in the strength of the current market direction This confirms that the market has reached its limit and is ready to rise back up at any moment.

Meanwhile, the Stochastic indicator dipped further below the 25.00 mark, showing a market that is ready for a bullish takeover.

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