Defi Coin Price Forecast: The Defi Price Will Attempt to Rise to $0.07110

DeFI Coin Price Forecast: October 17

The DeFi Coin price forecast is that the DeFI price will attempt to rise to $0.07110 soon. This is as a result of the recent market retest.

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

Significant Levels:

Supply zone: $0.07660, $0.07110

Demand zone: $0.07250, $0.06740

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The DEFI Coin is anticipated to start a strong march up the chart after the breakout from the bearish wedge on the 14th. The sharp retest of the key $0.06740 level has triggered much optimism in buy traders for the coin to break through the supply zone.

DeFI Coin Price Forecast: Market Outlook

The Parabolic SAR (Stop and Reverse) indicates that the coin has returned to a bullish phase after brushing off the bearish pressure from the DEFC sellers. As the day starts, the bulls maintain their stand, and the market continues to rise in a step-wise manner.

Furthermore, the Moving Average indicator, during periods 9 and 21, agrees with the market’s bullish attempts. Periods 9 and 21 have both lined up beneath the bullish candles, giving credence to the bulls’ recovery attempt for the price direction.

Also, the SuperTrend indicator has highlighted the current trend as bullish, as it has turned green since the 16th. The buying activity triggered at the discount level retest has been marked by the indicator as significant.

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

On the 15-minute chart, the Parabolic SAR confirms the buyers’ stance with their recent purchase trades. The indicator currently lies across the bullish candles, showing the strength of the buyers’ market.

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Thus, DEFC market is expected to continue its rise at its current pace till the price hits the restriction level at $0.07110. However, that is expected to take some time as more buyers are convinced of the market’s direction.

You can purchase DeFi Coin here: Buy DEFC

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