DEFC to Retrace at $0.07395 Level – InsideBitcoins.com

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DeFi Coin Price Pre­dic­tion – Sep­tem­ber 6
The Defi Coin price is like­ly to reverse at the cur­rent sup­port lev­el of $0.07395 if the men­tioned lev­el holds. The coin may pos­si­bly face the pos­i­tive side of the buy traders should exert more force and push the price above the $0.07550 sup­ply level. 

Key Lev­els:
Resis­tance lev­els: $0.07500, $0.07600, $0.07700
Sup­port lev­els: $0.07200, $0.07100, $0.07000
The Defi Coin price is likely to reverse at the current support level of $0.07395 if the mentioned level holds. The coin may possibly face the positive side of the buy traders should exert more force and push the price above the $0.07550 supply level.

DEFCUSD Long-term Trend: Bear­ish (4H Chart)
Defi Coin price is in a bear­ish mar­ket at the moment. Fur­ther, the coin is trad­ing below the mov­ing averages. 

The bulls actu­al­ly hit the resis­tance lev­el of $0.07534 after which the sell­ers’ inflow dropped the price down to $0.07395 below the two EMAs. How­ev­er, price rever­sal at the men­tioned cur­rent sup­port lev­el is more like­ly; traders can buy the cryp­to at a low price with this cur­rent trend. 

Next, more upsides are like­ly as the mar­ket is over­sold already. This will com­pel the buy traders to resume an upside move soon. The price might like­ly rebound at the cur­rent sup­port lev­el to reach a $0.400 sup­ply lev­el in the days ahead in its long-term outlook.

DEFCUSD Medi­um-term Trend: Bear­ish (1H Chart)The Defi Coin price is likely to reverse at the current support level of $0.07395 if the mentioned level holds. The coin may possibly face the positive side of the buy traders should exert more force and push the price above the $0.07550 supply level.

The cur­ren­cy pair is show­ing a bear­ish sen­ti­ment. The price actions can be seen below the mov­ing averages. 

The bulls caused a rise to the $0.07534 sup­ply lev­el after which the sell traders inter­vened and smashed the price of DEFCUSD down to a low of $0.07395 lev­el.
Hence, many investors can join the mar­ket at a low­er price in order to push the mar­ket val­ue upward.

Mean­while, a fur­ther rise in the mar­ket price of the cryp­to is pos­si­ble, as the sell­ing pres­sure has end­ed. The Defi Coin mar­ket is now trad­ing in the over­sold region. 

This means that the price might pos­si­bly reverse at the cur­rent sup­port lev­el and its upside moves may like­ly retest the $0.400 sup­ply lev­el soon in its low­er time frame.

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