DEFC Recovers as It Rallies to $0.09320 High

Defi Coin Price Forecast: November 6
DEFC has recovered from the earlier downtrend as it rallies to $0.09320 high. As it encounters resistance in the overbought area, Defi Coin is backtracking. Above the breakout mark of $0.07566, the price of the cryptocurrency can retrace.

DEFC Price Statistics Data:
DEFC price now – $0.08919
DEFC market cap – $1,025,529
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $8,926,933
DEFC Coinmarketcap ranking – #6406

Key Levels:
Supply Zones: $0.3000, $0.4000, $0.5000
Demand Zones: $0.0760, $0.0730, $0.0700

DEFCUSD Long-Term Trend: Bullish (1-hour chart)

Defi Coin has been recovering since October 25 and just achieved a high of $0.09320. The price of cryptocurrency is seeing a string of higher highs and higher lows. The current uptrend was broken on November 6 when it dipped above the 50-day SMA. It has risen back above the moving average lines as of right now. To reach the earlier highs, buyers try to restart a new uptrend. After breaking through the initial resistance at $0.7889, the altcoin is now soaring. The high point of level $0.09320 is the next target barrier. The asset’s value is higher above the daily Stochastic’s 60% range. This suggests that the altcoin’s upward momentum has returned.

DEFCUSD Medium-Term Trend: Bu (15-Minute Chart)

On the 15-Minute Chart, the cryptocurrency has made a significant upward rise as it rallies to $0.09320 high. Buyers are more likely to be drawn to the price ranges with the lowest pricing. In the oversold area of the market, buyers have also seemed to drive prices up.

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