Defi Coin Price Forecast: The Dfcusd Price Is Likely to Push Upward After Retesting the Level at $0.07210

Updated:

DeFI Coin Price Forecast: September 18

The DeFi Coin price forecast shows that the DEFCUSD is heading for a retest of the closest resistance level. The market could not maintain the sustained momentum that pushed the last market swing to a high of $0.07600.

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

Significant Levels:
Supply zone: $0.07950, $0.07210
Demand zone: $0.07360, $0.06950

Defi Coin Price Forecast: The Dfcusd Price Is Likely to Push Upward After Retesting the Level at $0.07210The DEFC price had to make a return to generate enough interest in buyers as a new discount level was again opened to them. An identical market situation occurred between the 1st and 7th of September.

DeFI Coin Price Forecast: Market Outlook


The bullish run had already hit the $0.07500 mark, but couldn’t generate the needed buying pressure to continue the long position, hence the price returned to test the lower demand level so as to accumulate the momentum it needed. The ingenious move is what led to the highest peak the market has seen in recent time, at 0.07950.

The latest market move is also expected to recreate a similar surge in price, plummeting through the supply zone, and creating a new high level. Considering that the Stochastic RSI indicator already shows an oversold market (flat at 0.0), the market is expected to start to correct no sooner than it hits the demand level for revitalization.

The Average Directional Index (at 36.39) indicates that the current market trend is weak. A directional reversal can thus be expected, as market forces seek to drive the crypto’s value up again.

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

The True Strength Index indicator shows that the market has crossed not only below its signal line but is now creeping at a low of -0.9987, showing that the market is extremely oversold.

Defi Coin Price Forecast: The Dfcusd Price Is Likely to Push Upward After Retesting the Level at $0.07210

This should trigger traders to reconsider the options of buying, as selling at this point is less favourable. Buyers are expected to return with more vigour, and the DEFC value is expected to reach a new high sooner.

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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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.