DeFi Coin Price Prediction: DEFC/USD Heads to the North
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The DeFi Coin price prediction is ranging, but the bulls are increasing their momentum as the price heads to the upside.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.20, $0.22, $0.24
Support levels: $0.12, $0.10, $0.08
DEFC/USD is moving sideways as the coin breaks above the 9-day and 21-day moving averages. Meanwhile, the bullish momentum is gathering for a positive movement above the $0.15 resistance level. However, if the bulls fail to drive the price higher, the DeFi Coin price may likely consolidate for some time.
DeFi Coin Price Prediction: DEFC/USD Bulls Ready for The Upside
The DeFi Coin price is changing hands at $0.15, where it aims at crossing above the upper boundary of the channel. However, if the coin crosses above this barrier, it will locate the potential resistance levels at $0.20, $0.22, and $0.24. The support levels remain at $0.12, $0.10, and $0.08 for the new entries as the technical indicator Relative Strength Index (14) may revisit the overbought region to increase the bullish movement.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
The DeFi Coin price rises above the 9-day and 21-day moving averages, while the technical indicator Relative Strength Index (14) will cross into the overbought region as the coin gets set for the upward movement. However, any further bullish movement towards the upper boundary of the channel will reach the resistance level at $0.165 and above.
Therefore, DEFC/USD will continue to display some bullish signals, and once this happens, the market price will gain more upsides, but if the price drops below the lower boundary of the channel, it could touch the nearest support at $0.14 and below.
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