• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Defi Coin (DEFC) Price to Retest the $0.400 Upper Mark

Johnathon Fox
10/03/2022 | UPDATED ON: 10/03/2022

Defi Coin Price Forecast: October 3
Previously Defi Coin has been having high interference from buyers which really made it easier for the cryptocurrency to maintain stable upside moves. Should the coin price turn up from the $0.08809 support and jump above the $0.09337 supply mark, the bearish thesis would get invalidated.

DEFC Price Statistics Data:
DEFC price now: $0.08809
DEFC market cap: $8.681M
DEFC circulating supply: N/A
DEFC total supply: $100.00M
DEFC Coinmarketcap ranking: #6062

Key Levels:
Resistance Levels: $0.08900, $0.09000, $0.09100
Support Levels: $0.08500, $0.08400, $0.08300
DEFCUSD Long-term Trend: Bullish (1-hour chart)DEFCUSD Long-term Trend: Bullish (1-hour chart)
Here, the DEFCUSD market still trades in a bullish trend. The sustained upward pressure at the $0.08832 mark during yesterday’s session actually made it capable for the buy investors to retain the strength.

Today, despite the moves by the sell traders the price of Defi Coin remains in an uptrend at the $0.08809 support value which is above the two EMAs. A possible breakout from the current support value will provide a higher float for buyers and prolong the ongoing recovery.

Further, it is very likely for the coin price to rise further as the market is now trading at the oversold region, this means that the selling pressure will end soon. So we expect the new correction to retest a $0.400 resistance value in its long-term scenario.

DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)DEFCUSD Medium-term Trend: Bearish (15-Minute Chart)DEFC Price Targeting the $0.400 Supply Value
The Defi Coin price is in a bearish move in its lower time frame. The sell traders are now involved in the price action.

The buyers are also trying, after a series of sideway moves the bulls made a positive ride to a $0.08826 high level, the momentum lost while the bears now returned the price to a low at $0.08809 mark below the two EMAs. Hence, traders can use this opportunity to buy the currency pair at a low price for more future gains.

Meanwhile, DEFCUSD may possibly resume an upward race soon as the market now trades below the 20% range of the price momentum. The price might probably retest the $0.400 supply level soon in its lower time frame.

You can purchase DeFi Coin here. Buy DEFC

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « AUD/USD Price Trades Lower Pips Below 0.6500
Next Post: Lucky Block Price Prediction: LBLOCKUSD Price Is Setting up for an Increase »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com 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.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US