DEFC to Increase to $0.500

DeFi Coin Price Pre­dic­tion – Sep­tem­ber 20
The Defi Coin price may like­ly reverse pro­vid­ed the buy­ers don’t give up and increase their momen­tum pres­sure in the mar­ket. If the price of the cryp­to clos­es above the $0.07943 sup­ply lev­el, the coin might fur­ther extend to a $0.1500 high lev­el and beyond.

Key Lev­els:
Resis­tance lev­els: $0.07900, $0.08000, $0.08100
Sup­port lev­els: $0.07200, $0.07100, $0.07000

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 mar­ket price opens in a side­way move by the bulls at a $0.07472 high lev­el after which the sell­ers’ inflow dropped the price down to a $0.07241 low lev­el 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 and move the mar­ket price of DEFCUSD upwards.

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 $0.500 sup­ply lev­el in the days ahead in its high­er time frame.

DEFCUSD Medi­um-term Trend: Bear­ish (1H Chart)
The cur­ren­cy pair is show­ing a bear­ish sen­ti­ment on the low­er time frame. The price actions can be seen below the mov­ing averages.

After a series of rang­ing move­ments with the range, the sell­ers’ inflow push the price of Defi Coin down to a low at $0.07241 below the mov­ing aver­ages which are glued togeth­er, short­ly after the 1‑hourly chart opens today. Thus, traders can buy the coin at cheap­er rates at this moment so as to have more gains ahead. 

Mean­while, a fur­ther rise in the mar­ket price of the DEFCUSD is pos­si­ble, as the sell­ing pres­sure has ended.

The cryp­tocur­ren­cy 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 hit the $0.500 sup­ply lev­el soon in its low­er time frame.

You can pur­chase DeFi Coin here. Buy DEFC

 

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