DEFC Is in a Price Rebound as Buyers Regroup for an Uptrend

Defi Coin Price Forecast: September 24
Defi Coin is in an upward correction as buyers regroup for an uptrend. The cryptocurrency is trading between the moving average lines. That is, it is above the 21-day line SMA but below the 50-day line SMA. The uptrend will resume if price breaks above the 50-day line SMA. The altcoin will rally to $0.2000 or $0.3000 price level if the 50-day line SMA is breached.

DEFC Price Statistics Data:
DEFC price now -$0.07865
DEFC market cap – $917,590
DEFC circulating supply – $304
DEFC total supply – 11,674,835.00 DEFC
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)

On the 1-hour chart, Defi Coin is in an uptrend as it breaks above the moving average lines. The crypto’s price has been making a series of higher highs and higher lows. On September 23, the cryptocurrency declined above the 50-day line SMA and rebounded. The altcoin has reached the high of level $0.07976. The coin has continued to rise despite reaching the overbought region of the market. However, in the overbought region, sellers will emerge to push prices down. On the other hand, in a strong trending market, the overbought condition of the market may not hold.

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

On the 15-Min Chart, DEFCUSD is in a price rebound as buyers regroup for an uptrend. On September 23, Defi Coin rebounded but it got stuck at level $0.0792. Nonetheless, after 48 hours of a sideways move, the altcoin rebounded as buyers sustain the bullish momentum. The altcoin is above the 30% range of the daily stochastic. It implies that the market has resumed bullish momentum. The cryptocurrency is likely to continue its upward move.

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