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DeFI Coin Price Forecast: October 9
The DeFi Coin forecast price of the cryptocurrency is geared to break into the upper supply-demand zone at $0.07380. The price retest at $0.07200 has generated enough buying momentum for the price to make a re-entry into this zone.
DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Supply zone: $0.07950, $0.07290
Demand zone: $0.07380, $0.06960
Soon after the price failed to retest the price level at $0.06960, DEFC retraced upwards sharply. That was until the most recent price retest, as the former price retest could not push the market to the $0.07950 region.
DeFI Coin Price Forecast: Market Outlook
The Moving Average (MA) indicator during period 15, has indicated support for the market’s bullish run ever since the retest of $0.07200 was completed. The market is expected to keep up with the uptrend as more buyers attempt to push the price back into a near support level. The MA period 30, indicates the same support for the market’s direction.
The SuperTrend indicator turned green soon after the market started to make its way back up from $0.07200. This signals that the market is largely bullish, and can be expected to keep up this move up the chart.
Earlier today, the True Strength Indicator rose above the signal line, showing that the market is expected to move up again. As more traders come in by Monday, the price can be expected to reach the demand zone just above it.
DEFC Medium-Term: Trend Bullish (15-Minute Chart)
Although the 15-minute chart, is not showing much trading activity at the moment, the market appears invigorated to continue its bullish run, as all indications suggest.
The ADX rise signals that the market is showing a strengthening trend that is poised to continue.
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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