Defi Coin Price Forecast: October 10
DEFCUSD is going positive despite the inflows from the bears. Should the coin price turn up from the $0.07278 high value and jump above the $0.07667 supply mark, the bearish thesis would get invalidated, thus a potential buy signal.
DEFC Price Statistics Data:
DEFC price now: $0.07278
DEFC market cap: $7.313M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #5714
Resistance Levels: $0.07800, $0.07900, $0.08000
Support Levels: $0.07300, $0.07200, $0.07100
DEFCUSD Long-term Trend: Bullish (1-hour chart)
Analyzing the chart above, we can see that the DEFCUSD pair is in a bullish market in its long-term outlook. The price bar can be sighted above the EMA-9, an indication of the sellers’ hibernation. Activities from the buyers moved the trend of the currency pair up to the $0.07269 high mark before the close of yesterday’s session.
Today, the bulls couldn’t relent, despite the moves from the short traders; the buyers caused a rise in the Defi Coin price to a $0.07363 high level with a long bullish candle with its wick touching the EMA-50. Thus, after this trend line, the price ranges at the the$0.07274 value and further rises to the $0.07278 supply level. This indicates a high volume of buy traders in the market.
Further, it is very likely for the crypto price to rise further as the bulls are currently clustered around the market. So we could expect this new trend to reach a $0.3000 resistance value in the nearby days in its long-term scenario.
DEFCUSD Medium-term Trend: Bullish (15-Minute Chart)
The Defi Coin price still remains in the bullish trend zone in its lower time frame. The bulls managed to push the price of the Yen up at the $0.07269 supply mark shortly after yesterday’s opening.
The buyers are also trying, after a series of sideway moves and order flow from the short traders, the bulls made a positive ride to a $0.07363 high level above the two EMAs with a long bullish candle and a long wick. This implies that the long traders are actively involved in the market decision at the moment and have a clear bullish sentiment.
Additionally, the stochastic oscillator signal pointing up suggests an upward momentum in the price of the crypto, thus more buyers are expected to continue dictating the price action and in this case, the coin price may jump to a $0.3000 high trend line soon in the medium-term outlook.
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