DeFi Coin Price Forecast: DeFi Price Will Soon Be Breaking Out of Consolidation

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


DeFI Coin Price Forecast: October 11

The DeFi Coin price forecast is that the crypto market will soon break out of the symmetrical triangular pattern it has been moving in. As the market reaches the confluence zone, where the trend lines show the market has been moving alongside.

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

Significant Levels:

Supply zone: $0.09340, $0.07290

Demand zone: $0.07380, $0.06960

DeFi Coin Price Forecast: DeFi Price Will Soon Be Breaking Out of Consolidation

The DEFCUSD market has been moving in a stepwise manner, retesting the price level at 0.06960 since the middle of August. DEFI price has again returned to this price to make yet another retest.

DeFI Coin Price Forecast: Market Outlook

The Stochastic indicator, true to the DEFC forecast, indicates that the coin has been oversold. A new direction is thus expected to set in, as prices cannot continue in their current direction as sellers are starting to find it less attractive.

The Relative Strength Index, on the other hand, just crossed past its average price movement. The RSI indicator, like the Stochastic, suggests an overly oversold market, into which buyers should soon step in to buy at the current dip.

Overall, the market trend is bearish, but the Trend Strength Index indicator is signaling a bullish reversal just around the support level. According to the indicator, DEFCUSD has reached the lower end of the indicator at -1 and is now moving sideways, indicating a potential reversal is coming. This reversal is anticipated to be a bullish one.

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

The 15-minute chart mainly shows the coin price is moving sideways, and it appears that DEFI bulls are targeting the right entry, seeking confirmation. While sellers have been mostly inactive.

DeFi Coin Price Forecast: DeFi Price Will Soon Be Breaking Out of Consolidation

The RSI has, however, remained at 0.00, showing that bears are now stuck at the point where buyers will soon start to resume buying activities with vigor.

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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.