DeFI Coin Price Forecast: DEFCUSD Price Now Appears to be Heading for $0.0900

DeFI Coin Price Forecast: September 27

The DeFi Coin price forecast posits that the market is prepared to continue its rise up to $0.09000. After the consolidation that occurred at the 0.08300 zone, the market resumed with the surge that saw the DEFC price hit the current price.

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

Significant Levels
Supply zone: $0.08570, $0.07350
Demand zone: $0.07570, $0.06950
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On the 20th of September, there was a breakout from the $0.07200 level. It was from this point that DEFCUSD began the bullish pressure that culminated in the $0.08000 ceiling breakthrough. The push from buy-traders who bought at the $0.07200 discount provided has driven the market to this high, which was last reached on August 19.

DeFI Coin Price Forecast: Market Outlook

The True Strength Index indicator has maintained its position after crossing over the centerline. This indicates that the trend direction change that occurred at $0.07800 has remained on course. The uptrend, save for the power struggle (consolidation) that happened at the $0.8300 level, has continued, ever since its sharp rise earlier in the week.

Multiple dots of the Parabolic SAR (Stop and Reverse) indicator can be seen laying below the bullish candlesticks, showing that the bullish run is holding up well. This is also an indication that this run can be expected to continue for much longer.

The Moving Average indicator on period 30 supports the impulsive position the DEFI market is holding. The indicator’s period 15 also agrees with the market’s impressive run of form.

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

In this shorter time frame, the market holds the same stance. The Parabolic SAR still maintains support for the upward direction the market is moving. .0900" width="1888" height="1042" data-lazy-src="https://learn2.trade/wp-content/uploads/2022/09/27d4.jpg"/> This comes easy as the market is just about to form a third long bullish candle after its recent consolidation. These indications signal that the market is heading towards the $0.09000 level.

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