DeFI Coin Price Forecast: DEFCUSD is set to Correct Upwards From $0.07170
Login

DeFI Coin Price Forecast: DEFCUSD is set to Correct Upwards From $0.07170

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


DeFI Coin Price Forecast – September 1

The DeFI Coin price forecast shows that the market is gearing up to hit the $0.07900 price level, as the market maintains its movement within the bullish channel.

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

Significant Levels:
Supply zone: $0.07520, $0.06960
Demand zone: $0.07170, $0.06740
DeFI Coin Price Forecast: DeFi Coin to Correct Upwards From <img fetchpriority=.07170" width="1660" height="827" data-lazy-src="https://learn2.trade/wp-content/uploads/2022/09/2defd.png"/>
On the 31st of August, the DEFC market retested the supply zone at $0.07170 to garner as much buying pressure as the bulls again sought to take over the market. The market is thus expected to correct back above the higher-high around $0.07800 price level.

DeFI Coin Price Forecast: Market Outlook

The Relative Strength Index (RSI) indicator is currently around the 25.00 mark, which signals that the market has already been oversold.

This indicates that the market is soon ready to correct upward as buying activity resumes vigorously.

The Stochastics indications also show an overly sold market, which needs to be corrected. Buyers are soon expected to take advantage of this, as they continue to push the market higher up the price chart.
As the channel on the price action chart shows, the market has largely maintained a bullish trend since the 27th of August. This has seen the market form a series of higher highs after each higher low that formed. The market is expected to form a new higher high around the $0.07900 region, after the recent higher low formed at the $0.07150 zone.

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

On the 15-minute chart, the Relative Strength Index (RSI) shows a steeper decline, revealing an urgency for a price correction in favour of the DEFC buyers.

DeFI Coin Price Forecast: DeFi Coin to Correct Upwards From <img decoding=.07170" width="1660" height="827" data-lazy-src="https://learn2.trade/wp-content/uploads/2022/09/2def4.png"/>

The last two (2) significant lows on the 15-minute chart have only led to a greater upward run from the bulls. This can again be expected as the market continues to rise within this bullish channel.

You can purchase Lucky Block here.  Buy LBLOCK

NoteLearn2.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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News