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DeFi Coin Price Prediction – September 6
If the mentioned level holds, the price of Defi Coin may reverse at the current support level of $0.07395. The coin is likely to face the positive side of the buying traders, who could exert more force and push the price above the supply level of $0.07550.
Key steps:
Resistance levels: $0.07500, $0.07600, $0.07700
Support levels: $0.07200, $0.07100, $0.07000
DEFCUSD Long Term Trend: Bearish (4H Chart)
Defi Coin price is currently on the underground market. Also, the coin is below its moving average.
After the bulls reached the resistance level of $0.07534, the flow of sellers pushed the price below the double EMA to $0.07395. However, a price reversal is more likely at the mentioned current support level; Traders can buy cryptocurrency at low prices in this current trend.
Next, the market is already oversold, so there could be more volatility. This will force traders to continue a recent reversal. In the long-term view, the price may bounce back at the current support level to reach the $0.400 supply level in the coming days.
DEFCUSD Medium Term Trend: Bearish (1H Chart)
The currency pair is showing bearish sentiment. Price action may appear below moving averages.
The bulls led to a rise to the $0.07534 supply level, after which the sell-side traders intervened and pushed the DEFCUSD price down to $0.07395.
Therefore, many investors can join the market at a low price to increase the market value.
Meanwhile, a further increase in the market value of the crypto is possible, as the selling pressure has ended. The Defi Coin market is currently trading in the oversold range.
This means that the price can be reversed at the current support level and an upward move may soon test the $0.400 supply level in the lower timeframe.
You can buy DeFi Coin here. Buy DEFC
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