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DeFI Coin Price Forecast: September 25
The DeFi Coin price forecast indicates that the DEFC price is set to retest at $0.07806. The DEFCUSD market is currently experiencing a complex pullback, which is expected to stop after that price retest.
DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Significant Levels:
Supply zone: $0.07990, $0.07290
Demand zone: $0.07420, $0.06960
After the price peaked at the $0.07990 mark, bearish pressure set in, after which the market headed for a retest to create a trend reversal that will continue the DEFC price drive up.
DeFI Coin Price Forecast: Market Outlook
The Moving Average indication on period 89, despite the market’s recent bearish movement, shows that the price is still on a bullish run. The MA period 200, also shows support for the DEFI buyer’s market.
The Average Directional Index, however, indicates that the bearish trend has become weak. The bearish pressure that saw the price drop to $0.07836, before the double bottom formed, was unsustained. The price can thus be expected to head back up soon as the sellers’ stance gains no ground.
The Stochastic indicator also points out that the market is ready for a trend reversal. The indicator shows that the DEFCUSD market has reached an oversold level. This will make sellers review their stance, and make buyers (especially those who didn’t take advantage of the discount around the 0.07650 level) put more bullish pressure.
DEFC Medium-Term: Trend Bullish (15-Minute Chart)
On the lower time frame, it is more obvious that the price is seeking to create a new higher low as soon as it touches the trend-line market at $0.07806.
This is expected to result in a new high. As the market seeks to continue in its stepwise bullish pattern.
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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