Defi Coin Price Forecast: September 27
Today, DEFCUSD sends a clear bullish signal that the bulls are still strong. If the forces from the buyers in the market should increase and the buyers sustain the prices above $0.08500, the prices will extend the ongoing rally and plunge prices to the $0.3000 supply level trend line.
DEFC Price Statistics Data:
DEFC price now: $0.08254
DEFC market cap: $8.354M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5477
Key Levels:
Resistance Levels: $0.08600, $0.08700, $0.08800
Support Levels: $0.07600, $0.07500, $0.07400
DEFCUSD Long-term Trend: Bullish (1-hour chart)
At the time of writing, DEFCUSD is trading in an uptrend. The prices are above the moving averages and have confirmed a bullish momentum breaking the previous high at $0.07893 value.
The buy investors actually made a jump to the $0.07893 supply value above the EMA-9 during yesterday’s session and sustained it; this really enabled buy traders to sustain the upward rally. The momentum continues today as the bulls made an increase with a long bullish candle to a high at $0.08344 level above the two EMAs as the 1-hourly chart opens today.
However, the inflow from the sell traders now dropped the current price of Defi Coin down to the $0.08254 support level which is above the moving averages; this suggests that the bulls still remain dominant in the market. This will also give the buy traders the motive to influence the price tendency.
Now, if the price on the 1-hourly chart closes above $0.08500, then there is a high probability of the price going up to its recent swing high, which is $0.2000 soon in its higher time frame.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
DEFC Price Remain Bullish
Despite the interference from the sell traders on the lower time frame, the currency pair is in an upward move.
The buyers made a strong ride with a long bullish candle to the $0.08344 resistance level after which the bears returned and broke the price down to a $0.08254 low level above the two EMAs as the 15-minute chart opens today. Thus, despite the drop in the price, Defi Coin looks promising.
Hence, if the coin buyers manage to break above the $0.08500 trend line, the market participants may witness a new recovery rally and this may reach a high at the $0.2000 mark soon in its lower time frame.
You can purchase DeFi Coin here. Buy DEFC
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