DeFI Coin Price Forecast: DeFC Price Expected to Aim Higher After Reaching $0.07500

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DeFI Coin Price Forecast: September 9

The DeFi Coin price forecast points out that DEFCUSD will push higher from the $0.07520 price level that it is currently holding. The DEFC price has been on an impressive run ever since the retest of the demand zone around the $0.06960 mark. As the market continues in its consolidation pattern that started on the 24th of August, 2022.

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

Significant Levels:
Supply zone: $0.07800, $0.07170
Demand zone: $0.07290, $0.06960
DeFI Coin Price Forecast: DeFC Price Expected to Aim Higher After Reaching $0.07500The recent rebound, which occurred at $0.07170, has given the market the strength to push back upward. DEFC’s price is expected to be heading for the $0.07800 price level, where the retest move started from.

DeFI Coin Price Forecast: Market Outlook

The Parabolic SAR (Stop and Reverse) indicator shows that the current uptrend is strong and stable as the price runs up the price chart.

The RSI (Relative Strength Index) dipped into the oversold region on the 7th of September to give the buyers a better region to takeoff towards $0.0780.

Moving Average (SMA) indicator, with a period of nine (9), supports the market’s upward climb. The indicator, as used with period twenty-one (21), indicates that the uptrend is consistent and strong. The Simple Moving Average (SMA) indicator suggests that this run will only continue till it reaches the $0.07800 price level.

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


The 15-minute price-action chart shows the sudden reaction and shift in market structure that occurred at the $0.06960 demand level.

DeFI Coin Price Forecast: DeFC Price Expected to Aim Higher After Reaching $0.07500

This comes as no surprise as the market retest at the demand zone at the $0.06960 price gave the market a significant surge of energy to spur such a sporadic run up the price chart.

You can purchase DeFi Coin here: Buy DEFC

NoteLearn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

 

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.