Defi Coin Price Forecast: Defc Price Continues to Rise to the $0.07790 Mark After a Rebound on the $0.07070 Level

DeFI Coin Price Forecast: September 7

The DeFi Coin price forecast posits that imminent return of DEFCUSD price back to the price level at 0.07790. On the 6th of September, the market retested an initial price, thereby gaining the strength required to continue its assail up the chart.

 

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

Significant Levels:

Supply Zones: $0.07790, $0.07090
Demand Zones: $0.07190, $0.06740

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Since the end of the previous month, DEFCUSD has consistently moved upward within the channel pattern it formed around the same period. The recent rebound at the $0.07070 price level follows this same pattern. This is expected to result in the formation of a new higher high after the price must have first broken the restriction zone at $0.077790.

DeFI Coin Price Forecast: Market Outlook

The Parabolic SAR (Stop and Reverse) indicator is in support of the current market upward motion. As the DEFCUSD market seeks to correct to its most recent peak. A new high is expected to be created within the channel as a result of this.

The indication given by the Bollinger band indicator is that the DEFI coin after a slight stretch down is eager and ready to shoot back up as buyers return to the market in full force. This was expected as the market had run into the oversold region the previous day. Thus making the correction imminent, and the bullish takeover, more succinct.

The moving average indicator (SMA) indicator, using period nine (9) shows that the market’s upward motion is unswerving and strong, and can be expected to continue the run of form. Period 21 of the same indicator shows that the new trend can be trusted to continue even based on its larger time frame.

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

On the 15-minute chart, the Parabolic SAR support of the uptrend becomes increasingly obvious. As it shows the strength with which the price s at the moment being moved with.

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Since the market has since returned to the range within the upper supply and demand zone, it is expected that it would soon break through the supply zone as it aims to continue within the bullish pattern the market is currently on.

You can purchase DeFi Coin here: Buy DEFC

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