DEFCUSD Will Rise Further, Buy!

Defi Coin Price Forecast: DEFCUSD Will Rise Further (November 8)
DEFCUSD price is bound to move up and gain more strength if all the current support holds and the bulls should trigger their efforts and break up the $0.09238 resistance trend line, the bullish correction pattern may extend the coin price to hit the $0.2000 high mark. Thus, a turnaround and clear buys signal for the coin holders.

Key Levels:
Resistance Levels: $0.09500, $0.09600, $0.09700
Support Levels: $0.08200, $0.08100, $0.08000

DEFCUSD Long-term Trend: Bullish (4H Chart)
The momentum on the long-term outlook is still in an uptrend despite the inflows from the sell traders. The price bar can be seen above the moving averages. Thus, the bulls are capable of pushing higher from this trend line.

The DEFCUSD price opened lower but managed to trade in green over the past few hours as the 4-hourly session begins today. The price finds reliable resistance at the $0.0938 mark above the two EMAs, resulting in intraday gains. 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.

Additionally, there is likely to be a further increase in the price of Defi Coin as indicated by the daily signal which is pointing upwards. We can therefore expect the buy traders to push the coin price above the overhead resistance trend line which may possibly reach the $0.2000 supply 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 market price staying above the resistance trend line 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.

Despite the interruptions from the short traders, buyers successfully pushed the market price of Defi Coin above the moving average lines at the $0.09238 supply level after which the short traders dropped the coin price down to a low at $0.09176 as the 1-hourly chart opens today. Hence, traders who buy at this current trend will still make more gains.

Therefore, if the bulls increase their tension in the market, the price tendency will move above the key levels and the bullish pattern may likely reach the $0.2000 high mark in the coming days in its medium-term outlook.

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