DEFC remains bullish as it recovers from a downtrend

Defy Coin Price Prediction: September 16
Since the August 21 price drop, Defi Coin has been on a downward spiral. On September 9, the bulls broke the 21-day SMA to continue higher but bounced back. The cryptocurrency is currently trading below the moving average lines.

DEFC price statistics data:
DEFC price now -$0.07214
DEFC market value – $7,234,977
DEFC Revolving Supply – 11,674,835.00 DEFC
Total provision of DEFC – $7,238,374
DEFC Coinmarketcap Rank – #6406

Key steps:
Supply Zones: $0.3000, $0.4000, $0.5000
Interest Zones: $0.0760, $0.0730, $0.0700

DEFCUSD Long Term Trend: Bearish (1-Hour Chart)

Defi Coin is in a downtrend as price breaks below the moving average lines. The cryptocurrency is rising as it approaches the 21-day line SMA. On the upside, the altcoin will rise when price breaks above the 21-day line SMA. Bullish momentum returns when the currency breaks above the 50-day SMA. Defi Coin will revisit the previous high of $0.08000. DEFCUSD faces a major rejection at $0.08000. However, if buyers overcome the resistance at $0.08000, the upward momentum will continue.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – Recovers from Downtrend

On the 15-minute chart, DEFCUSD is consolidating as it recovers from a downtrend. The altcoin may continue its upward movement as it attracts buyers at lower price levels. However, further upward movement is doubtful as the altcoin approaches the oversold market territory. The altcoin is above 80% of the daily stochastic.

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