DEFCUSD Price Next Jump May Reach the $0.4000 Supply Mark

Defi Coin Price Forecast: DEFCUSD is Recovering (November 1)
There is a possibility that DEFCUSD might finish the bearish movement and start reversing soon. This will be attained, if there is an interruption by buyers, the bullish correction pattern may increase the coin price to retest the $0.08257 previous high which might possibly hit the $0.4000 supply trend line.

Key Levels:
Resistance Levels: $0.08500, $0.08600, $0.08700
Support Levels: $0.07800, $0.07700, $0.07600

DEFCUSD Long-term Trend: Bullish (4H Chart)
Defi Coin price is in a bullish posture and also trades in an uptrend even though the short traders are involved in its long-term outlook.

The coin price finds support at the $0.08031 value above the EMA-50 but below the EMA-9 as the 4-hourly session opens today. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at the present. However, traders who buy at the current price will also have more gains in the future as well.

Further, there is likely to be a breakout attempt soon as the price of DEFCUSD now approaches the oversold region. If the bulls could change their orientation and push harder, the next bullish race may possibly extend to the $0.4000 resistance trend line in the coming days in its higher time frame.

DEFCUSD Medium-term Trend: Bullish (1H Chart)
The DEFCUSD pair remains in the bullish market zone in its medium-term view. The price staying above the EMA-50 confirms its bullishness and the high impact of the bulls. The coin has been making higher highs and higher lows in previous actions; this has made it possible for the price to maintain an uptrend.

The market price of Defi Coin at the $0.08031 support level staying above the two EMA-50 but below the EMA-9 as the 1-hourly chart opens today, is an indication that the coin is actually traded by the buy traders, this also connotes more intraday gains for the buy investors.

Next, we can expect the emergence of the buy investors soon as the market is oversold already, as indicated by the daily stochastic. The next bull race may possibly reach $0.4000 as we watch the bulls take over the market conditions sooner in its medium-term perspective.

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