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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