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DeFi Coin Price Forecast: October 4
The DeFi Coin price forecast is that the DEFCUSD market is set to rise back to its initial high after swiftly breaking through the resistance zone at $0.07410. The price can be expected to hit back at $0.07650 soon with the momentum the market carries from its return from the retracement.
DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Supply zone: $0.09360, $0.07410
Demand zone: $0.7650, $0.06950
DEFC, after touching down on the bullish trend line, has started to retrace upwards. The market has resumed its bullish run and has started to break through previous supply levels.
DeFI Coin Price Forecast: Market Outlook
The True Strength Index indicator is about to cross the center line, showing that the market is in for another bullish run. This indication signals that the market is, true to the retest motive, redirecting its way up.
The Parabolic SAR (Stop and Reverse) indicator can be seen lining up beneath the bullish candles, showing that the market has started another bullish phase. The market is expected to take another long position as it seeks to return to the price of $0.09360.
The Moving Average (MA) indicates that the market has gone bullish, switching from the sharp bearish pressure injected into the market. This is explicitly confirmed by MA period 9.
DEFC Medium-Term: Trend Bullish (15-Minute Chart)
On this chart also, the Parabolic SAR indicates that the DEFCUSD market is on the rise. This is coming from the consolidation that happened after the last trend stopped, which the market has started to breakout from.
The Moving Average period 9 remains in support of the market as well as a new market direction can thus be expected to form very soon, as it is already emerging.
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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