DEFC Is in a Strong Rebound as It Targets the $0.1400 High

Defi Coin Price Forecast: September 29
Defi Coin is in an uptrend zone as it targets the $0.1400 high. Since August 21, the cryptocurrency has been in a range-bound move. However, on September 28, buyers succeeded in keeping the price above the moving average lines. On the upside, if the bullish momentum is sustained, DEFCUSD will rally to the high of $0.1400.

DEFC Price Statistics Data:
DEFC price now – $0.08749
DEFC market cap – $1,021,480
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $8,733,896
DEFC Coinmarketcap ranking – #5284

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 an uptrend as it trades above the moving average lines. On September 29, the cryptocurrency encountered a strong rebound as the coin rallied to the high of $0.0933. More upside moves are expected as long as the Defi Coin trades above the moving average lines. The current uptrend is likely to face resistance at the high of $0.0950. Besides, a further upward move is doubtful as the altcoin trades in the overbought region of the market. However, in a strong trending market, an overbought condition may not hold.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – It Targets the $0.1400 High

On the 15-Min Chart, DEFCUSD is in an uptrend as it targets the $0.1400 high. The crypto’s price is making a series of higher highs and higher lows. The current uptrend is approaching the high of $0.1000. However, an initial resistance has made the price to retrace. The altcoin is above the 80% range of the daily stochastic. It implies that the market has reached the overbought region. Sellers are likely to emerge in the overbought region to push prices down.

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