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DeFI Coin Price Forecast: September 20
The DeFi Coin price forecast indicates that the coin is well on its way to breaking out of the symmetrical triangle pattern that the market has formed. The DEFC currently holds a long position and is expected to maintain its course as the bullish pattern materializes and is ready for a structural shift.
DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Supply zone: $0.07940, $0.07290
Demand zone: $0.07420, $0.06960This movement will see the DEFCUSD price move up back to the restriction zone at $0.07940, from whence it is expected to make its way further up the chart. The recent higher-low formed around $0.07200 is expected to give the buyers new enthusiasm, as a new high is well underway.
DeFI Coin Price Forecast: Market Outlook
The Bollinger Bands indicator indicates its support of the present bullish market run. The last significant spike the market had is expected to hold up longer. As soon as it breaks out of the symmetric triangle, more impulsive movement ensues, which DEFC investors sought.
The Moving Average (MA) period 9 also appears to agree that the new market trend is valid. The period 21 of the MA, with its wider peeps consideration, also suggests that the market is now bullish.
The recent move is a highly promising one as DeFI Coin is expected to keep up its current push. The market is anticipated to break its closest supply level.
DEFC Medium-Term: Trend Bullish (15-Minute Chart)
The candles around the $0.07250 price level pressed on the lower band of the Bollinger; this was what led to the rapid price movement.The two long bullish candles that formed appear to be stepping stones, as the DEFC gaze seems set on breaking the long-held restriction level.
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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