DeFi Coin Price Prediction – September 6
The Defi Coin price is likely to reverse at the current support level of $0.07395 if the mentioned level holds. The coin may possibly face the positive side of the buy traders should exert more force and push the price above the $0.07550 supply level.
Key Levels:
Resistance levels: $0.07500, $0.07600, $0.07700
Support levels: $0.07200, $0.07100, $0.07000
DEFCUSD Long-term Trend: Bearish (4H Chart)
Defi Coin price is in a bearish market at the moment. Further, the coin is trading below the moving averages.
The bulls actually hit the resistance level of $0.07534 after which the sellers’ inflow dropped the price down to $0.07395 below the two EMAs. However, price reversal at the mentioned current support level is more likely; traders can buy the crypto at a low price with this current trend.
Next, more upsides are likely as the market is oversold already. This will compel the buy traders to resume an upside move soon. The price might likely rebound at the current support level to reach a $0.400 supply level in the days ahead in its long-term outlook.
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 caused a rise to the $0.07534 supply level after which the sell traders intervened and smashed the price of DEFCUSD down to a low of $0.07395 level.
Hence, many investors can join the market at a lower price in order to push the market value upward.
Meanwhile, a further rise in the market price of the crypto 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 reverse at the current support level and its upside moves may likely retest the $0.400 supply level soon in its lower time frame.
You can purchase DeFi Coin here. Buy DEFC
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