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DeFI Coin Price Forecast: September 29
The DeFi Coin price forecast is that the price of the cryptocurrency will continue to climb the price chart after retesting the $0.08100 zone. However, at the moment, the market is experiencing a consolidation phase, as sellers desire to return to the DEFC market, after a week of almost no action.
DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Supply zone: $0.08710, $0.07350
Demand zone: $0.07570, $0.06950
The bearish pressure that has been induced on the market is not expected to hold up, as buyers remain strong in their commitment to keeping their positions. The current bullish swing does not appear completed as buy-traders who came in at the last retest are still expected to continue buying as DEFCUSD is yet to reach an oversold point.
DeFI Coin Price Forecast: Market Outlook
The Super-trend indicates that the market is still moving upward. The indicator has stayed positive (green) about the DEFI direction, despite the battle between the bulls and bears.
Moving Average Indicator Period 89 indicates that the DEFC price remains on course to reach the $0.09000 mark. The price, after hitting its lowest low since the 20th, has continued to shatter price ceilings, and $0.09000 appears to be the next target. The period 200 also agrees to the same.
The Parabolic SAR (Stop and Reverse) indicator shows a market that remains in a bullish course, despite DEFCUSD sellers’ recent attempts. The indicator shows that the recent downward motion remains a slight fluctuation from the market’s real direction.
DEFCUSD Medium-Term: Trend Bullish (15-Minute Chart)
The Parabolic SAR on this 15-minute chart, however, disagrees with the bullish run. The indicator shows a bearish market, which suggests another price retest.
If this is the case, a new higher low is expected to be formed, and this is expected to boost incoming buyers’ morale, pushing the DEFC price higher as we have seen happen in recent weeks.
You can purchase DeFi Coin here: Buy DEFC
Note: Learn2.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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