DeFI Coin Price Forecast: DEFCUSD Market is Expected to Rise Higher After a Retest at $0.07940 

Updated:

DeFI Coin Price Forecast: September 12

The DeFi Coin price forecast suggests that the DEFC price will return with a greater test after this short retest at the previous restriction level of $0.07570. At the current price, a retracement is expected to occur soon.

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

Significant Levels:
Supply zone: $0.07940, $0.07170
Demand zone: $0.07310, $0.06750
DeFI Coin Price Forecast: After a Retest at $0.07940, DEFCUSD Market is Expected to Rise Higher.DEFI coin price is expected to return with full force from the retest that occurred at the current price of $0.07571 and push into the $0.07950 region. Current indications on the market confirm this anticipated move.

DeFI Coin Price Forecast: Market Outlook

The Relative Strength Index indicator shows that the market is currently in an oversold region. This implies that the market buyers are now eager to resume their buying season, which is expected to boost the DEFC price to break out of the supply zone at $0.07940.

Another indication that confirms the anticipated price return is given by the Average Directional Index (ADX). The indicator shows that DEFC has, at the moment, get to its oversold point. This will trigger the bulls to buy more sporadically as they seek to take over the DEFC market.

The price of DEFC press at $0.07570 is anticipated to result in a new run of form favouring buyers, who are set to take over as buying activities resume this new week. This eagerness is expected to result in the formation of higher-high, which will break the ceiling at the upper restriction area.

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

On the 15-minute price-action chart, the Relative Strength Index dropped further to 11.43, showing a market that’s ready for an uptrend after the oversold condition during the weekend.

DeFI Coin Price Forecast: After a Retest at $0.07940, DEFCUSD Market is Expected to Rise Higher.The ADX’s (Average Directional Index) recent movement is also affirmative of the weakness of the downtrend. This confirms that the market will shift its direction very soon.

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.