DeFi Coin Price Prediction: DEFC/USD Bulls Will Surface after Ranging
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The DeFi Coin price prediction is going to face moderate volatility and gain long-term as the coin moves to cross above the channel.
DEFC/USD Long-term Trend: Ranging (2H Chart)
Key Levels:
Resistance levels: $0.35, $0.37, $0.39
Support levels: $0.28, $0.26, $0.24
DEFC/USD is crossing above the 9-day and 21-day moving averages as the market price hits the resistance level. As the coin moves to create an additional gain, additional resistance can be found above the upper boundary of the channel. On the contrary, facing the downside may hit the closest support at $0.30.
DeFi Coin Price Prediction: DEFC Price Will Shoot to the North
According to the chart, the DEFC price is going to create additional bullish trends once the sideways movement fades away and this is noticeable for the technical indicator Relative Strength Index (14) as the signal line moves to cross above the 60-level.
At the time of writing, the DeFi Coin bulls will push the coin to cross above the channel, but any bearish movement below the 9-day and 21-day moving averages may bring the coin to another serious downtrend which could allow the new investors to invest in the coin. However, the support levels for DEFC/USD can be located at $0.28, $0.26, and $0.24, while the resistance levels lie at $0.35, $0.37, and $0.39 respectively.
DEFC/USD Medium-term Trend: Ranging (30M Chart)
As seen on the chart, the DeFi Coin is hovering above the 9-day and 21-day moving averages as the coin moves to cross above the upper boundary of the channel. However, the nearest resistance is set above the channel because the market price is going to touch the nearest resistance level of $0.32.
On the other hand, if the DEFC price slides below the moving averages, DEFC/USD may create a new low, and crossing below the lower boundary of the channel may hit the support level of $0.29 and below. Meanwhile, as the technical indicator Relative Strength index (14) moves into the overbought region, the market will form a new upward trend and this could hit the resistance level of $0.33 and above.
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