DEFC Bounces Back Above the $0.7306 Support To Resume an Uptrend

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Defi Coin Price Forecast: November 12
DEFC is currently trading in the downturn zone as it bounces back above the $0.7306 support. The altcoin experienced a similar rejection at the most recent high in September, as the coin fell below the moving average lines. Today, DEFC has reached the oversold area and the bottom of the chart as a result of the recent downturn.

DEFC Price Statistics Data:
DEFC price now – $0.07353
DEFC market cap – $851,556
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $7,353,329
DEFC Coinmarketcap ranking – #6047

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 dropped below the moving average lines because of the rejection at the $0.09000 overhead resistance. The altcoin reached a top price of $0.09728 on November 8 but was unable to maintain the strong trend. The overbought area resisted the cryptocurrency, and it abruptly fell below the moving average lines. Defi Coin price dropped to a low of $0.06883 as bulls bought dips. The coin broke through the $0.07306 support, preventing an upward correction. Defi Coin is now moving sideways over the support.

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

On the 15-Minute Chart, DEFCUSD is in a downturn as it bounces back above the $0.7306 support. It is currently consolidating above the existing support. The horizontal tilting of the moving average lines indicates a sideways trend. The cryptocurrency bounces back and breaks above the moving average lines as the trend makes a positive move again.

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