DEFC Price Might Possibly Retest $0.200 Supply Level Soon

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DeFi Coin Price Pre­dic­tion – Octo­ber 11
The Defi Coin price is very like­ly to face the pos­i­tive side soon after com­plet­ing the dip lows. There­fore, the coin price breakup from the sup­port trend line at $0.07321 will release the trapped bull­ish momen­tum. The upcom­ing bull­ish pat­tern may push the price to the $0.200 resis­tance mark.

Key Lev­els:
Resis­tance lev­els: $0.07700, $0.07800, $0.07900
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 in the high­er time frame, this is because the sell traders are now involved in the order flow. 
The Defi Coin price is very likely to face the positive side soon after completing the dip lows.


Fur­ther, the price action can be seen below the two mov­ing aver­ages. Thus, the cur­rent trend will soon end as the buy traders are still with­in the mar­ket to influ­ence the buy­ing tendency.

Today, the bulls are try­ing hard to remain above the $0.08764 sup­ply mark, so there is a pos­si­bil­i­ty for the coin price to pull back at the cur­rent sup­port of $0.07321 to inval­i­date the bear­ish theory.

How­ev­er, long traders can join the mar­ket or invest in the cryp­to with the cur­rent trend and buy at a low­er rate for more gains in the future. This will reflect an increase in the trend momentum.

Addi­tion­al­ly, a rise in the upcom­ing ral­ly and break­out above the $0.08852 high val­ue may turn around the mar­ket price of DEFCUSD and the recov­ery pat­tern might reach a $0.200 sup­ply trend line in the days ahead in its high­er time frame.

DEFCUSD Medi­um-term Trend: Bear­ish (1H Chart)
The cur­ren­cy pair is bear­ish in its medi­um-term per­spec­tive. This is due to the bear­ish impact on the market. 
The Defi Coin price is very likely to face the positive side soon after completing the dip lows.


After a series of side­way moves, the inflows from the bears dropped the price of the DEFCUSD pair down to a low at $0.07321 lev­el below the two EMAs. Thus, buy investors can buy the coin at a low­er price at the moment and move the price of the cryp­to fur­ther upward.

More so, a fur­ther rise in the mar­ket price of the cryp­to is pos­si­ble, if the buy traders can trig­ger their buy­ing pres­sure and break up the $0.07363 lev­el. The price might pos­si­bly reach a $0.200 sup­ply trend mark soon in its low­er time frame.

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