DeFi Coin Price Prediction: DEFC/USD Bulls Will Surface after Ranging
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DeFi Coin Price Prediction – August 30
The DeFi Coin price prediction is going to face moderate volatility as the coin trades around the 9-day moving average.
DEFC/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.14, $0.16, $0.18
Support levels: $0.03, $0.02, $0.01
DEFC/USD is crossing above the 9-day moving average as the market price prepares for a bullish movement toward the 21-day moving average. As the coin moves to create an additional gain, additional resistance can be found but on the contrary, facing the lower boundary of the channel may hit the closest support.
DeFi Coin Price Prediction: DEFC Price Will Shoot to the Upside
According to the daily chart, the DeFi Coin price is going to create additional bullish trends as the coin crosses above the 9-day moving average and this is noticeable for the technical indicator Relative Strength Index (14) seeing the signal line move away from the oversold region
At the time of writing, the DeFi Coin bulls will push the coin to cross above the 21-day moving average, but any bearish movement below the lower boundary of the channel can bring the coin to another downtrend which the new investors can take advantage in investing in the coin. However, the support levels for DEFC/USD can be located at $0.03, $0.02, and $0.01, while the resistance levels lie at $0.14, $0.16, and $0.18 respectively.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
The DeFi Coin is hovering within the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel. The nearest resistance is set above the channel because the market price is going to touch the nearest resistance level of $0.10.
On the other hand, if the DEFC price slides and faces the downside, DEFC/USD can create a new low, and moving towards the lower boundary of the channel may hit the support level of $0.05 and below. Meanwhile, as the technical indicator Relative Strength Index (14) remains above the 40-level, it is possible for the market to form a new upward trend and this could hit the resistance level of $0.11 and above.
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