DEFC Remains Bullish as It Recovers from Downtrend

Defi Coin Price Forecast: September 16
Since the August 21 price slump, Defi Coin has remained bullish as it recovers from downtrend. On September 9, the bulls broke the 21-day line SMA to resume uptrend but were repelled. The cryptocurrency is now fluctuating below the moving average lines.

DEFC Price Statistics Data:
DEFC price now -$0.07214
DEFC market cap – $7,234,977
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $7,238,374
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: Bearish (1-hour chart)

Defi Coin is in a downtrend as price breaks below the moving average lines. The cryptocurrency is rising as it approaches the 21-day line SMA. On the upside, the altcoin will rise when price breaks above the 21-day line SMA. The cryptocurrency will regain bullish momentum when it breaks above the 50-day line SMA. Defi Coin will revisit the previous high of $0.08000. DEFCUSD will face rejection at the high of $0.08000. Nonetheless, the upside momentum will resume if buyers overcome the resistance at $0.08000.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – It Recovers from Downtrend

On the 15-Min Chart, DEFCUSD is consolidating as it recovers from downtrend . The altcoin is likely to resume an upward move as it attracts buyers at lower levels of prices. However, a further upward move is doubtful as the altcoin approaches the oversold region of the market. The altcoin is above the 80% range of the daily stochastic.

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