DeFI Coin Price Forecast: DEFCUSD Price Resumes a Bullish Trend

DeFI Coin Price Forecast: DEFCUSD Price Resumes a Bullish Trend After a Short Retest

Estimated Reading Time: 3 minutes

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Azeez Mustapha

Updated: 13 October 2022

DeFI Coin Price Forecast: September 28

The DeFi Coin price forecast indicates that the DEFC market has resumed its bullish run after the price retest at $0.08200. The price needed enough pressure that could sustain its vigorous upbound motion. Hence the retracement that occurred on the 27th of the month drove late-arriving traders to buy more, as the DEFCUSD is expected to rise higher.

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

Significant Levels:
Supply zone: $0.08580, $0.07290
Demand zone: $0.07500, $0.06960 DeFI Coin Price Forecast: September 28 DEFCUSD swift rise through price levels has not, however, been without objections. There have been two consolidation phases ever since the price first rose to the $0.08300 zone. However, the buyers have always managed to win as it is obviously on the chart.

DeFI Coin Price Forecast: Market Outlook

The Moving Average indicator, using period 89, suggests that the market maintains its bullish run despite the sellers’ frequent attempts. The MA’s period 200 also shows that the DEFC market has largely been on the run over the space of time captured, breaking new ceilings with each candle.

The Super-trend indicator, much like the MA, shows that the market remains on course in its uprise against the previous restriction zones. The indicator indicates that the current market is firmly in the hands of buy traders.

The Zigzag indicator shows that the market has largely maintained a bearish course since the 19th. This is despite the massive bearish pressure forced into the market on the 27th of this month.

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

On this 15-minute chart, the MA period 89 shows that the market is swiftly recovering from the bearish attack the day before. The same can be said of the period 200, as both gradually retrace downward to line up beneath the bullish candles forming. Since then, the super trend has turned green as it follows the resuming uptrend from behind. This shows that DEFC buy-traders are ready to put sellers out of the market.

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