DEFC surges after rebounding to $0.06245

Defi Coin Price Prediction: November 26th
The price of DEFC recovered to $0.06245 and then fell to $0.05395. The cryptocurrency has recovered from its recent low of $0.06245. We expect the coin to continue rising as it recovers from its previous lows.

DEFC Price Statistics Data:
Current DEFC Price – $0.06247
DEFC Market Cap – $730,397
DEFC Circulating Supply – 11,674,835.00 DEFC
DEFC Total Supply – $6,247,361
DEFC Coinmarketcap Ranking – #6047

Main levels:
Supply Zones: $0.3000, $0.4000, $0.5000
Demand Zones: $0.0760, $0.0730, $0.0700

DEFCUSD Long-Term Trend: Bullish (Hourly Chart)

The DEFC bounced back on November 23 and 26, when the altcoins traded in the bullish zone. As long as buyers maintain the bullish momentum above the moving averages, the current bullish momentum will continue. Since then, the coin has entered the overbought territory of the market. The coin is struggling in overbought territory and has just hit a high of $0.06245. However, market overbought conditions may not last long in markets with strong trends. After breaking through the initial resistance level, DEFCUSD starts moving again.

DEFCUSD Mid-Term Trend: Bullish (15-Minute Chart)

DEFCUSD is on the 15 minute chart and has recovered to $0.06245. On November 29th, the coin rose vertically to a new high of $0.06245. The coin is retesting the overbought territory as it fluctuates below the resistance zone. The uptrend will resume if it sustains above the 21-day line SMA. Altcoins are trading below level 20 on the daily stochastic. This means that buyers will be drawn to the oversold area and prices will rise.

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