DeFI Coin Price Forecast: DEFCUSD Is Set to Return to the $0.07800 Price Level

Updated:

DeFI Coin Price Forecast: September 4

The DeFI Coin price forecast indicates that DEFC is set to return to the initial price of $0.07800 after ranging around the support level at $0.07370.

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

Significant Levels:

Supply zone: $0.07800, $0.07250
Demand zone: $0.07370, $0.06960

DeFI Coin Price Forecast: DEFCUSD Is Set to Return to the $0.07800 Price Level

After the rejection that occurred on the 2nd of September, DEFC market has largely continued an uptrend as it prepares to return to the price level it hit at the beginning of the month of September.

DeFI Coin Price Forecast: Market Outlook

The moving average (SMA) period nine (9) position on the chart indicates that the market is still on course to continue its uptrend, as the DeFC price strives to aim higher.

The Parabolic SAR (Stop and Reverse) indicator signals that the market will remain on an upward course, in spite of the slight lapse currently experienced in the market.

A light tussle is expected to happen around the $0.07500 level, after which another impulsive spike can be expected from the market. An analysis of the market’s recent movement shows that the market has maintained this pattern as it fights for balance. The most recent ones were at the $0.07200 and $0.07400 price levels, both of which led to significant climbs on the price chart.

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

The 15-minute chart shows that the market is still following the upward direction illustrated using the trend line. The strength of the trend has seen the market maintain this movement ever since the rejection that occurred on the 21st of the previous month.

DeFI Coin Price Forecast: DEFCUSD Is Set to Return to the $0.07800 Price Level

The market is currently showing no signs of a structural shift. This means that the bullish run being maintained by DeFC can be expected to continue till it hits the previous highs again.

You can purchase DeFi Coin here: Buy DEFC

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.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.