DeFi Coin Price Prediction – September 13
The Defi Coin price is actually on its way to the critical supply level. The bull run may likely continue provided the buy investors add more strength to their actions and push the crypto upward. The coin might turn upside further to a $0.3000 high level and beyond.
Resistance levels: $0.07900, $0.08000, $0.08100
Support levels: $0.07700, $0.07600, $0.07500
DEFCUSD Long-term Trend: Bullish (4H Chart)
Defi Coin price is in a bullish market at the moment. Further, the coin is trading slightly above the moving average-50.
The bulls actually hit the resistance level of $0.07750 above the EMA-50 as the 4-hourly chart resumes today. However, the buy traders could not relent, as they aim to drag the price further to a significant level.
Hence, more upsides are expected as the DEFCUSD market is also pointing up in the oversold region of the daily stochastic; this means that the selling pressure has ended and the bulls are now set to take us higher and in this case, $0.3000 supply level might be the target soon in the higher time frame.
DEFCUSD Medium-term Trend: Bearish (1H Chart)
The currency pair is showing a bearish sentiment. The price actions can be seen below the moving averages.
The bulls made a correction at the $0.07750 high level below the two EMAs as the 1-hourly session opens today, this indicates that the bulls are gradually coming into the market to stage a play. Therefore, a bullish breakout of $0.07943 resistance is needed to obtain a recovery opportunity for Defi Coin holders.
Meanwhile, a further rise in the market price of DEFCUSD is possible, as the selling pressure has ended. The Defi Coin market is now trading in the oversold region.
This means that the price might possibly resume the uptrend and may likely reach the $0.3000 supply level soon in its lower time frame.