DeFi Coin Price Prediction: DEFC/USD Bulls Will Surface after Moving Sideways
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The DeFi Coin price prediction is going to face moderate volatility as the coin moves to cross above the 9-day moving average.
DEFC/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.15, $0.17, $0.19
Support levels: $0.019, $0.017, $0.015
DEFC/USD is moving around the 9-day moving average as the market price trades at $0.072. As the coin moves to create an additional gain, additional resistance can be found above the 21-day moving average. On the contrary, sliding towards the lower boundary of the channel may hit the closest support.
DeFi Coin Price Prediction: DEFC Price Ready for a Spike to the North
As revealed on the daily chart, the DeFi Coin price is going to create additional bullish trends as the coin prepares for a cross to the upside and this is noticeable for the technical indicator Relative Strength Index (14) seeing the signal line warming up for a positive movement.
At the time of writing, DEFC/USD bulls will push the coin to cross above the 21-day moving average, but any bearish movement towards the south can bring the coin to another downtrend which the new investors can take advantage of in investing in the coin. However, the support levels for the coin can be located at $0.019, $0.017, and $0.015, while the resistance levels lie at $0.15, $0.17, and $0.19.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
The DeFi Coin is hovering within the 9-day and 21-day moving averages as the coin moves bearishly for the buyers to buy the dips. However, the nearest resistance is set above the 21-day moving average because the market price is going to touch the nearest resistance level of $0.08.
On the other hand, if the DEFC price slides and faces the downside, DEFC/USD can create a new low, and crossing below the lower boundary of the channel may hit the support level of $0.066 and below. Meanwhile, as the technical indicator Relative Strength Index (14) stays above the 50-level, the market will form a new trend and could hit the resistance level at $0.082 and above.
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