DeFI Coin Price Forecast: DEFC Price to Correct Upwards After It Rebounds at $0.07290

DeFI Coin Price Forecast: September 13

The DeFI Coin price forecast anticipates the price will have a bounce off the supply point at the $0.07290 price level. The market returned to this point in a bid to retest the initial price level at the current level. This is understood to be in a bid to generate the strength it needs to form a new high, as a new higher low is formed as the last swing comes to an end.

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

Significant Levels:
Supply zone: $0.07950, $0.07290
Demand zone: $0.07420, $0.06950

The DEFCUSD market has significantly risen in a matter of days, making the initial restriction zone as of the 7th of the month, a new support level at the moment. The higher low formed at the current price level is expected to yield a significant upward return back to the supply zone up on the chart.

DeFI Coin Price Forecast: Market Outlook

The Average Directional Index (ADX) indicates that the market has already quit its downward motion. The market can now be expected to return to its uptrend within the bullish channel within which the market is running.

The Stochastic indicator reveals that the DEFCUSD market is at the moment overly sold. This leaves no option other than the bulls taking over the market. Buyers will be eager to get into action as this creates an opportunity to buy more at this discount.

Considering various market indications, the DEFC price is expected to touch down at the supply point at $0.07290. After this, the price can be anticipated to shoot back up. This move is expected to eventually lead to the break out of the current restriction point.

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

The 15-minute chart shows the Stochastic indicator supports the change of trend as its drops below the 10.00 mark. This shows that the buyers will be eager to revive the market with enough buying pressure.

The bullish candle formed on the chart during this timeframe shows the direction in which the market is soon expected to move. The DEFC price is expected to move back up to the higher supply level.

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