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DeFI Coin Price Forecast: September 19
The DeFi Coin price forecast indicates that the price of DEFC is set to increase after pressing the $0.07100 price level on the 16th of the month. The movement, which has already pushed the price to $0.07600 over the weekend, is anticipated to lead to a higher ascent up the price chart.
DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Supply zone: $0.07940, $0.07280
Demand zone: $0.07340, $0.06740
The DEFCUSD market is anticipated to maintain its zigzag trend within the bullish channel. This would imply that the recent touchdown on the trendline will cause impulsive reactions that will culminate in the formation of a new high within the channel.
DeFI Coin Price Forecast: Market Outlook
On the 22nd of August, the bearish movement caused a series of buying activities that resulted in the formation of a peak. The same occurred with the bearish run on the 28th and the 7th of the current month. This pattern has been largely maintained by the prices in this channel. Hence, it can be expected that the recent touchdown at $0.07100 on the 16th will lead the price right back up to hit the supply level above.
The Moving Average, period 89, provides support for the market’s bullish run, despite the recent price movements. The MA’s period 200 also points out that the market’s run up the price ladder is steady and true.
The Relative Strength Index (RSI) indicates that the price is still maintained within a balanced buyer-seller market. The price is expected to have a sharp upturn, most likely after retesting a previous price to substantiate the uptrend.
DEFC Medium-Term: Trend Bullish (15-Minute Chart)
On the 15-minute price chart, the RSI shows an overly sold market for the cryptocurrency. This is expected to trigger new buying enthusiasm among investors as another discount opens up for latecomer buyers who haven’t already taken advantage of the discount session at $0.07100.
This indication, along with that of the MA, shows that the market will soon resume its uptrend, and the price is anticipated to reach the restriction zone sooner. The return is expected to begin after the price hits the $0.07350 region.
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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