DeFi Coin Price Prediction: DEFC/USD at $0.086 Is a ‘Great Buy’
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The DeFi Coin price prediction shows that DEFC heads to the north, if the bulls increase their momentum, the price would shoot higher.
DEFC/USD Long-term Trend: Bullish (1D Chart)
Key Levels:
Resistance levels: $0.110, $0.120, $0.130
Support levels: $0.075, $0.065, $0.055
DEFC/USD is ready for the upside as the coin prepares for a recovery above the 9-day and 21-day moving averages. However, if the bulls increase the buying pressure and penetrate the resistance level at $0.09, then, the price would shoot higher moving towards the upper boundary of the channel.
DeFi Coin Price Prediction: DEFC Gets Ready for The Upside
Looking at the daily chart, if the DeFi Coin price increases volume coupled with a bullish regroup, it will begin to correct gain significantly on the upside. However, on the contrary, the bears could become severe with more losses for the new buyers to invest as the next support levels could be located at $0.075, $0.065, and $0.055 respectively.
Moreover, the DeFi Coin price will continue to move to the upside as soon as the coin crosses above the channel to hit the potential resistance levels of $0.110, $0.120, and $0.130. The technical indicator Relative Strength index (14) is moving above 60-level, suggesting bullish movement for the coin.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
The DeFi Coin is trading above the 9-day and 21-day moving averages as revealed in the chart, the coin is getting ready for the upward movement. Therefore, should the price break above the upper boundary of the channel, the market may experience an upward trend which could touch the resistance level at $0.092 and above.
Meanwhile, DEFC/USD is likely to retreat a little bit, if the coin breaks below the moving averages; it may hit the support at $0.082 and below. However, the technical indicator Relative Strength Index (14) prepares to resume back into the overbought region, suggesting additional bullish signals.
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