DeFi Coin Price Prediction: DEFC/USD at $0.134 Is a ‘Great Buy’ Before the Next Surge
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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 (12H Chart)
Key Levels:
Resistance levels: $0.17, $0.18, $0.19
Support levels: $0.12, $0.11, $0.10
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 $0.14, 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 12-hour 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 $0.12, $0.11, and $0.10 respectively.
Moreover, the DeFi Coin price will begin to move to the upside as soon as the coin crosses above the channel to hit the potential resistance levels of $0.17, $0.18, and $0.19. The technical indicator Relative Strength index (14) is moving to cross above 60-level, suggesting bullish movement for the coin.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
The DeFi Coin is trading below the 9-day and 21-day moving averages as revealed in the chart, but the coin is getting ready for the upward movement. Therefore, should the price break above the 9-day moving average, the market may experience an upward trend which could touch the resistance level at $0.15 and above.
Meanwhile, DEFC/USD is likely to retreat a little bit, if the coin breaks below the lower boundary of the channel; it may hit the support at $0.12 and below. However, the technical indicator Relative Strength Index (14) prepares to cross above the 50-level, suggesting incoming bullish signals.
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