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DeFI Coin Price Forecast: September 11
The DeFi Coin price forecast posits that the DEFCUSD price is again prepared to hit $0.07950 after the market retested an initial restriction point at $0.07570.
DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Supply zone: $0.07950, $0.07090
Demand zone: $0.07360, $0.06740
This move is anticipated to foster the price’s return to the current supply zone. Eventually, breaking out of this zone.
DeFI Coin Price Forecast: Market Outlook
The Average Directional Index (ADX) indicates that the most recent move down to the current position on the price chart lacks vigour. And soon it is expected to change direction and return to the market’s uptrend.
The Stochastic indicator reveals an extremely oversold market (0.0, 4.5), which can only mean that the buyers are already eager to take over the market again. In the struggle for balance in the DEFCUSD market, there is an obvious need for a new season of buying that will see the DEFC price shoot up again.
The market touchdown at the sub-restrictive level of $0.07570 suggests the formation of a new higher low. Which has led to the formation of new highs within the bullish channel formed towards the end of August. After this timeout, the market is expected to return to the price at $0.07950, after which it is expected to break out of that supply zone.
DEFC Medium-Term: Trend Bullish (15-Minute Chart)
The Average Directional Index indication on the 15-minute chart shows a further decline to the 27.25 mark, which implies an end to the present downtrend. This strongly confirms that the current trend has reached its brim. will be prepared to change directions as buying pressure increases again.
The market will be prepared to change directions as buying pressure increases again. Prices are soon expected to shoot higher as buying activities resume after the short period of overselling.
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