DeFi Coin Price Prediction: DEFC/USD Hits $0.14 Resistance as Price Shoots Up
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DeFi Coin Price Prediction – August 10
The DeFi Coin price prediction has been showing a remarkable improvement as the coin concentrates on a new bullish movement.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
Key Levels:
Resistance levels: $0.16, $0.17, $0.18
Support levels: $0.13, $0.12, $0.11
DEFC/USD is moving to cross above the upper boundary of the channel as the coin touches the resistance level of $0.145. The DEFC price is currently above the 9-day and 21-day moving averages, while the signal line of the technical indicator Relative Strength Index (14) moves into the overbought region, suggesting more bullish movements.
DeFi Coin Price Prediction: DEFC Heads to the Upside
The DeFi Coin price will soon break above the channel as the bulls increase the buying pressure in the market. However, if the coin maintains the bullish movement, it will push the price to hit resistance levels of $0.16, $0.17, and $0.18. On the contrary, if DEFC/USD drops below the 9-day and 21-day moving averages and faces the lower boundary of the channel, the DEFC price will touch the support levels at $0.13, $0.12, and $0.11 respectively.
DEFC/USD Medium-term Trend: Bullish (2H Chart)
DEFC/USD is ranging around the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves in the same direction within the overbought region. On the other hand, a possible drop below the moving averages can surface if the price retreats a little bit; therefore, any further bearish movement could bring the coin to the critical support level of $0.135 and below.
At the moment, the coin is within the positive, and as the bulls push the coin higher, the DEFC price will head towards the upper boundary of the channel, and once this comes to focus, the price will hit the resistance level of $0.16 and above. Meanwhile, the trading volume is coming up slowly and will begin to climb higher as much as the technical indicator Relative Strength Index (14) remains within the overbought region.
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