DeFI Coin Price Forecast: DeFC Continues to Rise After Rebounding

DeFI Coin Price Forecast: September 5

The DeFi Coin price forecast posits that the DEFUSD price is set to breakout of the symmetrical triangle pattern that it formed on the price-action chart. This move can be expected as the market makes its way up to the $0.07520 price level.

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

Significant Levels:
Supply zone: $0.07520, $0.06960
Demand zone: $0.07170, $0.06740

Currently, as the market attempts to break out of the wedge, the DEFC price can also be seen to be moving within a bullish trend. This further confirms that the price is only ready to climb higher in the coming days.

DeFI Coin Price Forecast: Market Outlook

The indication given by the moving average (SMA) period eighty-nine (89) indicator is an uptrend. This started after the retracement attempt between the 3rd and 4th of the month. The market is thus set to rise back to hit the upper restriction level.

The moving average (SMA) period two hundred (200) has shown that since the 4th of September, the market has been in an overall upward trend. This comes a few hours after the market retraced back to the support level at $0.07170.

Save for the fake-out, which occurred on the 1st of this month, the market has primarily been moving within the bullish channel that began its accent on the 22nd of the previous month. The market has since continued the uptrend and is anticipated to reach the $0.08100 mark within the channel.

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

The moving average period two hundred (200) on the 15-minute chart again confirms the general direction of the market, which remains upwards. This makes it possible to expect that the market will break out of the $0.07520 restriction point sooner.

As the DEFC price continues to move within the ascending triangle, it is easily predictable that the price is reaching for a new height out of the triangular pattern. Soon, the price will hit the previous high at $0.07800 before heading for the $0.08100 level.

You can purchase DeFi Coin here: Buy DEFC

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