DeFi Coin Price Prediction – October 18
The Defi Coin price might finish the downward correction and start its recovery race soon. This will be achieved, if the buy traders could input more actions and closes above the $0.07800 supply value, the upcoming trend might reach a $0.400 high mark.
Resistance levels: $0.07600, $0.07700, $0.07800
Support levels: $0.06700, $0.06600, $0.06500
DEFCUSD Long-term Trend: Bullish (4H Chart)
The DEFCUSD pair indicates a bullish sentiment with the price trading above the EMA-9 in its higher time frame.
A recent breakout at a $0.06874 high-value signals that the bulls are still strong and we can grow in confidence that a potential buy signal is near.
The current price at a $0.06859 low level above the EMA-9, is an indication of an uptrend, and also the bulls are still in control of the market decision.
Hence, a strong bullish reversal at the mentioned support value will trigger a significant correction to the upside. Thus, under the influence of this bullish pattern, the post-correction rally may likely rechallenge the $0.400 resistance level in the coming days in its long-term outlook.
DEFCUSD Medium-term Trend: Bullish (1H Chart)
The momentum on the medium-term time frame (1H) is bullish. The price of Defi Coin which is currently trading above the two EMAs indicates that the bulls are actually investing in the coin.
Today, the buyers made a push to a $0.06874 supply value above the moving averages shortly after the opening of the 1-hourly chart session. The momentum was lost while the sell traders drove the price to a low at $0.06859 level above the two EMAs; this implies that the momentum in the price of DEFCUSD still remains in an uptrend as the buyers are having the price action at their disposal despite the interference from the short traders.
Meanwhile, the price will still go higher from the current support as the buyers are seen clustered around the market at the moment. The upcoming rally may possibly touch the $0.400 supply value soon in its medium-term outlook.
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