DeFi Coin Price Prediction: DEFC/USD Heads to the Upside; More Buyers Are Expected
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The DeFi Coin price prediction is recovering to the upside as the coin gets ready for a cross above the channel.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.37, $0.39, $0.41
Support levels: $0.29, $0.27, $0.25
According to the 4-hour chart, DEFC/USD is ranging as the market price remains above the 9-day and the 21-day moving averages. Meanwhile, the market will cross above the upper boundary of the channel if the bulls put more. However, should the bulls fail to push the price upward, the DeFi Coin price may continue sideways before heading to the upside.
DeFi Coin Price Prediction: DEFC/USD Would Move Higher
The DeFi Coin price will break towards the upper boundary of the channel if the bulls put more effort. Consequently, any further bullish movement above the resistance level of $0.32 will push the price to the potential resistance levels of $0.37, $0.39, and $0.41.
In the other words, the upward movement may be delayed if the bears drag the price below the moving averages to touch the low of $0.29, $0.27, and $0.25 support levels. More so, the technical indicator Relative Strength Index (14) is moving above the 60-level to confirm the upward movement.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
According to the 2-hour chart, the DeFi Coin price is moving towards the north to touch the major resistance level at $0.33. However, if the buyers push the price above this level, higher resistance could be located at $0.34 and above.
On the other hand, the technical indicator Relative Strength Index (14) moves below the 60-level, indicating that there will be a slight drop in the market for new buyers to surface. Moreover, should the bulls fail to move the current market value above, the bears may step back into the market, and the nearest support level could be found at $0.40 and below.
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