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

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

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.

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

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