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DeFI Coin Price Forecast: September 14
The DeFi Coin price forecast is that the cryptocurrency is set and ready to go higher. This became certain after the market struck the demand level at $0.07200. This has triggered the market to retrace upward and is now set to rise back to its initial level of $0.07950.
DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Supply zone: $0.07950, $0.07140
Demand zone: $0.07200, $0.06740
As displayed on the chart, the DEFC market price is seen to have touched down around the $0.07000 price along the bullish channel on September 7th. The movement, which eventually led to the formation of a new high, appears to be reoccurring again. As the new lower high formed on the demand point is also expected to shoot up the DEFC price, a new height is expected to be reached.
DeFI Coin Price Forecast: Market Outlook
The Moving Average Convergence and Divergence Indicator insinuates that the last swing (trend) has created an over-sold market situation. As the sellers have run into exhaustion and buyers now have an avenue to takeover the market as the coin reaches a discount.
The Stochastic’s indication confirms the prediction that the sellers have reached their bearest minimum, and that the buyers are already eager to increase buying pressure, as buying activities resume at the current discounted rate.
The price of DEFC can be waited out as it has acquired the strength it needs to run high up the price chart. The new low level created at the demand level will create a new high as the market pattern has been maintained within the channel.
DEFC Medium-Term: Trend Bullish (15-Minute Chart)
The 15-minute price chart shows that the market is making efforts towards a retracement. A correction is easily expected to occur at the current price level.
The last market swing, all indications considered, has come to an end, and prices are supposed to go back higher from this point onwards. considering that the buyers now have a discount for which they can resume buying.
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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