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DeFI Coin Price Forecast: September 26
The DeFI Coin price forecast shows that DEFC price is on an impulsive run up the price action chart. Surprisingly, the DEFC price broke out of the trend-line, implying that the last low will result in a correction back to $0.08100. DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Supply zone: $0.07350, $0.07290
Demand zone: $0.07420, $0.06960
DEFCUSD has been moving within this bullish channel. since the 23rd of August, 2022. The price broke out of the trend line to hit the $0.08350 mark with a single bullish spike. Within this bullish channel, a bullish flag pattern started to form on the 16th. With the last higher low formed on this flag, a bullish breakout was anticipated, and it came just in time, due to the enormous buying pressure created due to the complex pullback.
DeFI Coin Price Forecast: Market Outlook
The True Strength Index indicator has moved above the signal line, proving that the market is, obviously at the moment, on a bullish run. Also, since the indicator is nowhere near an overbought zone, the bullish movement can be expected to go further.
The moving average indicator on period 15 shows support for the DEFI market’s bullish position. The MA’s period 30 also holds the same position regarding the market’s impulsive bullish activities.
The Parabolic SAR (Stop and Reverse) indicator agrees with the market’s long position, as it holds its position below the last bullish candle. This signals that this impressive run may continue sooner than expected.
DEFC Medium-Term: Trend Bullish (15-Minute Chart)
The Parabolic SAR indicates more support for the market’s direction in the 15-minute time frame. This comes as no surprise as the market resumes its climb after the short creep just below the supply level.DEFC price is expected to hit the restriction zone in a short while. After which it is expected to continue its sojourn, likely to the $0.09000 mark.
You can purchase DeFi Coin here: Buy DEFC
Note: Learn2.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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