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Defi Coin Price Forecast: DEFCUSD Will Rise Further (November 8)
DEFCUSD price is likely to move up and gain more strength if the current support holds. If the bulls take over and break above the $0.09238 resistance trend line, the bullish correction pattern may take the coin price to the $0.2000 high mark. This would be a clear turnaround and potential buy signal for the coin holders.
Key Levels:
Resistance Levels: $0.09500, $0.09600, $0.09700
Support Levels: $0.08200, $0.08100, $0.08000
DEFCUSD Long-term Trend: Bullish (4H Chart)
The long-term outlook is still for an uptrend despite the inflows from the sell traders. The price bar can be seen above the moving averages, so the bulls are capable of pushing higher from this trend line.
The DEFCUSD price opened lower but managed to trade positively over the past few hours. The price finds resistance at the $0.0938 mark above the two EMAs, resulting in intraday gains. This suggests an uptrend and also shows that buyers are still dominating price action at the moment.
Additionally, there is likely to be a further increase in the price of Defi Coin as indicated by the daily signal which is pointing upwards. We may therefore see the buy traders pushing the coin price above the overhead resistance trend line, which may possibly reach the $0.2000 supply trend line in the coming days on a higher time frame.
DEFCUSD Medium-term Trend: Bullish (1H Chart)
The DEFCUSD pair remains in the bullish market zone in the medium-term. A market price above the resistance trend line confirms its bullishness and the high impact of the bulls.
The coin has been making higher highs and higher lows in previous actions, confirming the uptrend.
Despite the interruptions from the short traders, buyers successfully pushed the market price of Defi Coin above the moving average lines at the $0.09238 supply level, after which the short traders brought the coin price down to a low of $0.09176.
Therefore, if the bulls increase their pressure on the market, the price should move above the key levels and the bullish pattern may likely reach the $0.2000 high mark in the coming days.
You can purchase DeFi Coin here. Buy DEFC
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