DeFI Coin Price Forecast: September 21
The DeFi Coin price forecast confirms that the DEFC price is again on the rise after the retest of the $0.07200 level. The momentum generated by the retest has led to a swift rise through the closest supply and demand zones.
DEFCUSD Long-Term Trend: Bullish (1-Hour Chart)
Supply zone: $0.07950, $0.07390
Demand zone: $0.07470, $0.07120There has been strong contention since the 19th of the month between buyers and sellers, causing a range between $0.07400 and $0.07500 price levels. The DEFC price value is now ready to leave this phase, as the bull takes the upper hand in the fight.
DeFI Coin Price Forecast: Market Outlook
The Parabolic SAR indicator shows an impressive bullish market. The swift rise from the $0.07200 level is expected to continue after the market corrects upwards from the consolidation phase it is in at the moment.
The Moving Average (MA) period 15 agrees that the market’s uptrend is holding on well. The MA’s period 30 indicates support for the market’s recent bullish move.
On the 31st of August, the DEFCUSD market initiated the formation of a bullish channel. Ever since the low that formed at $0.07000 on the 7th of the month, there have been new higher lows that have formed successively. This implies that the market is in a long position.
DEFC Medium-Term: Trend Bullish (15-Minute Chart)
The DEFC price, while trying to enter the demand zone-turn-restriction zone, experienced consolidation. However, the Parabolic SAR (Stop and Reverse) shows that the market is gradually leaving this phase.The MA periods 15 and 30 are also in support of this position. Both of these MA’s lengths testify to the stability of this uptrend.
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