DeFi Coin Price Prediction: DEFC/USD Keeps Fluctuating Below $0.075 Level
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The DeFi Coin price prediction is likely to create a low at $0.070 if the price dips for new buyers to surface.
DEFC/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.120, $0.140, $0.160
Support levels: $0.045, $0.040, $0.035
DEFC/USD is currently trading at $0.072 below the 9-day and 21-day moving averages. The sellers are bringing the coin towards the south as this could allow the new buyers to step into the market while the existing buyers are expected to buy the dips.
DeFi Coin Price Prediction: DEFC Price Retreats to Move Higher
Looking at the daily chart, the DeFi Coin price is now cheap for more buyers to enter the market. However, the coin will drop more as the technical indicator Relative Strength Index (14) moves below the 40-level. Meanwhile, the coin will experience new buyers coming into the market, but any further supports could be located at $0.045 $0.040, and $0.035 respectively.
However, should the buyers hold the current support of $0.072 and push the coin higher; the bulls can expect immediate resistance to be located at $0.100. Any further bullish movement above the upper boundary of the channel could hit the resistance level of $0.120, $0.140, and $0.160.
DEFC/USD Medium-term Trend: Ranging (4-Hour Chart)
On the 4-hour chart, the DeFi Coin price remains below the 9-day and 21-day moving averages, this will allow new buyers to enter the market. Nevertheless, the existing buyers are also expected to buy the dip as the buyers gather momentum to begin a new bullish movement.
From above, if the buyers push the price above the 9-day moving average, the potential resistance level could be found above the 21-day moving average at $0.084 and above. Moreover, should the coin slide below the lower boundary of the channel, another support may come at $0.062 and below while the Relative Strength Index (14) stays within the oversold region.
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