DEFC Rebounds as It Attracts Buyers at a Lower Level of Price

Defi Coin Price Forecast: September 9
Defi Coin is in a sideways move as it attracts buyers at a lower level of price. The cryptocurrency is likely to be compelled to a range-bound move between the moving average lines. Defi Coin will trend when the moving average lines are breached.

DEFC Price Statistics Data:
DEFC price now – $0.07765
DEFC market cap – $906,535
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $7,764,981
DEFC Coinmarketcap ranking – #6406

Key Levels:
Supply Zones: $0.3000, $0.4000, $0.5000
Demand Zones: $0.0760, $0.0730, $0.0700

DEFCUSD Long-Term Trend: Bullish (1-hour chart)

Defi Coin is in an uptrend as the altcoin reaches $0.0788 high but has pulled back. The altcoin retraced above the moving average lines and resumed bullish momentum. As the crypto rises it will retest the resistance at $0.0790. A break above the resistance will catapult the coin to rally to the $0.0900 high. Nonetheless, the cryptocurrency will resume upside momentum if buyers overcome the resistance at $0.0900. The market will further rise to the high of $0.1300. However, the bullish scenario will be invalidated if buyers failed to breach the initial resistance at $0.0790. The coin is in a bullish momentum as it is above the 40% range of the daily Stochastic.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)

On the 15-Min Chart, DEFCUSD rallied to the previous highs as it attracts buyers at a lower level of price. The upward move was short-lived as the market reached the overbought region. Sellers have pushed the coin to the previous low and to the oversold region. The cryptocurrency is likely to resume its upward move as it attracts buyers at lower levels of price.

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