DeFI Coin Price Forecast: The DeFC Price Breaks Above the $0.07800 Price Level

Updated:

DeFI Coin Price Forecast: September 9

The DeFI Coin price forecast shows that the crypto price is set for another impulsive run. This conclusion is concerning the new high formed just below the $0.0800 mark.

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


Significant Levels:
Supply zone: $0.08370, $0.07170
Demand zone: $0.07380, $0.06960
DeFI Coin Price Forecast: The DeFC Price Breaks Above the $0.07800 Price Level
As the DEFCUSD price continues to rise along the bullish channel continuation pattern depicted on the one-hour chart, the price reached a zenith in the early hours of the day. This was expected after the false breakout that occurred outside the bullish channel on the 7th of the month.

DeFI Coin Price Forecast: Market Outlook

The Moving Average Convergence and Diverse indicator (MACD) dipped to the oversold region on the 7th of September. This initiated the bullish run to seek liquidity at $0.08370.

The moving average indicator (SMA), using period eighty-nine (89), insinuates that the market will go in the direction it began on August 21st, 2022. The moving average indicator with the period 200 also shows support for the market’s direct move up the chart.

The price is expected to form a new higher low, so the market can peak at a new height within the channel. As the market ultimately seeks to make its way back to the previous $0.08370 price level.

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


On the 15-minute chart, the moving average indicators appear to be dismissive of the most recent downward movement in the market. This is because the overall strength of the uptrend is high, and strong, and can be expected to continue.DeFI Coin Price Forecast: The DeFC Price Breaks Above the $0.07800 Price Level

The market has returned to the buyer’s favour within the chart. This is after the false start that occurred earlier in the day. As a result, the price was raised to generate the necessary strength to continue its rise to $0.08370.

You can purchase DeFi Coin here: Buy DEFC

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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.