DEFC Is in a Smooth Rally as It Targets $0.07600 High

Defi Coin Price Forecast: October 9
Defi Coin is in a downtrend as it targets $0.07600 high. In the previous price action, the coin rallied to the high of $0.0933 but was repelled. Buyers failed to sustain the bullish momentum as the market reached the overbought region.

DEFC Price Statistics Data:
DEFC price now – $0.07386
DEFC market cap – $864,155
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $7,401,864
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 downward correction as price breaks above the moving average lines. The altcoin has rebounded as it resumed a fresh uptrend. The bullish momentum is likely to extend to the high of $0.07600. Nonetheless, on October 4, buyers pushed the coin to the high of $0.07667 but were repelled as the market reached the overbought region. Today, buyers have recouped as they push the coin to the previous highs. The current uptrend is likely to reach the high of $0.07500.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – It Targets $0.07600 High

On the 15-Min Chart, the altcoin has rebounded as it targets $0.07600 high. The cryptocurrency asset has risen to an overbought region of the market. The current uptrend is likely to reach bullish exhaustion as the market reaches the overbought region. However, an overbought condition may not hold in a strong trending market. The coin is above the 80% range of the daily Stochastic. It indicates that the market has reached the overbought region.

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