DeFi Coin Price Forecast: DEFCUSD Price Is Set to Break Into the Upper Supply  And Demand Region

DeFI Coin Price Forecast: October 6

The DeFi Coin price forecast indicates that the coin is gearing up for another bullish phase. This was confirmed after breaking through the lower supply level at $0.07390 and is already set to enter a higher zone.

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

Significant Levels:

Supply zone: $0.09340, $0.07390

Demand zone: $0.07650, $0.06970

Within a very short period, the price has risen from the recent low of around $0.06970 to a current price level of $0.07561. This shows how energetic the current market is. DEFC is expected to start to break through its previous price levels again in what could be its shortest period. 

DeFI Coin Price Forecast: Market Outlook

The Moving Average period 9 is seen lying below the hourly candle, showing an already bullish market, considering the recent market movements. The MA’s period is 21, consider the market bullish as it also hangs at the bottom of the recently formed candles.

The SuperTrend indicator has recently turned green on the market as well. This gives an indication that buy-traders can finally see light at the end of the tunnel just as the market is expected to keep up with this impressive run.

The Average Directional Index indicates that the last market trend has lost its pushing power, meaning that the bearish pressure that saw the price move to its last major low has been dispelled. This would mean that the market needs to correct itself to maintain a state of equilibrium in the DEFCUSD market.

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

On the 15-minute chart, the ADX shows that the market has swung in a different direction. And it is now open to more bearish motions, as the indicator dismisses any signal of an overbought market.

As it is currently, the make is hoped to hit the nearest restricting level above it. This will be a confirmation of the market’s attempt to resume its uptrend after the recent price retest.

You can purchase DeFi Coin here: Buy DEFC

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