Defi Coin (DEFC) a Correction is Around the Corner

Defi Coin Price Forecast: September 8
DEFCUSD may likely reverse to the upside if the buy traders should exert more forces in the market and all support level holds. The correction phase may possibly test the $0.400 supply level.

DEFC Price Statistics Data:
DEFC price now: $0.07013
DEFC market cap: $7.006M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6057

Key Levels:
Resistance Levels: $0.07500, $0.07600, $0.07700
Support Levels: $0.06900, $0.06800, $0.06700
DEFCUSD Long-term Trend: Bearish (1-hour chart)
DEFCUSD price is trading in a bearish market zone. The price bar can be seen below the moving averages. This is due to the interference from the short traders. However, this is coming to an end soon.

At the time of writing, Defi Coin is trading at the $0.07013 support level; this is due to the sellers’ congestion in the market. Further, many investors can join the market at a lower price in order to achieve more gains in the future.

Next, a reversal could be possible above $0.07100 as the market is approaching the oversold region, so a correction or pullback is around the corner. If the price is able to close above the $0.07356 supply level, then there is a higher probability of the price testing its previous swing high at a $0.400 high level in the coming days in its long-term outlooks.

DEFCUSD Medium-term Trend: Bearish (15-Minute ChartDEFC Price Facing an Upside Soon
The market value of DeFi Coin on the lower time frame (15 minutes) at the $0.07013 resistance level is a result of pullback and recovery mode from the buy traders.

A break above the $0.07500 supply level could invalidate the bearish outlook. And the price can move toward the $0.400 resistance level.

Additionally, there is a higher probability of the price of DEFCUSD breaking up the above-mentioned resistance level as the market is pointing up in the oversold region of the daily stochastic.

We can now expect the bullish rally to resume and may likely hit the the$0.400 supply value soon in its lower time frame.

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