DeFi Coin Price Prediction: DEFC/USD Keeps Ranging; Price Ready for the Upside

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DeFi Coin Price Prediction – October 12

The DeFi Coin price prediction reveals that if bulls begin to increase their momentum, the price will cross above the moving averages.

DEFC/USD Medium-term Trend: Ranging (1D Chart)

Key Levels:

Resistance levels: $0.09, $0.10, $0.15

Support levels: $0.06, $0.04, $0.02

At the time of writing, DEFC/USD is yet to break above the 9-day and 21-day moving averages as the bulls keep gathering momentum for upward movement. Meanwhile, if the bulls fail to drive the price above the moving averages, the DeFi Coin price may continue to move range-bound.

DeFi Coin Price Prediction: DEFC/USD Would Head to the Upside

The DeFi Coin price is changing hands at $0.071, which will cross above the 9-day and 21-day moving averages to locate the potential resistance levels at $0.09, $0.10, and $0.15. Nevertheless, the support levels remain at $0.06, $0.04, and $0.02 for the new entries to come into the market as the technical indicator Relative Strength Index (14) hovers around the 40-level.

DEFC/USD Medium-term Trend: Ranging (4H Chart)

The DeFi Coin price is moving above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) crosses above the 40-level. This is to prepare the buyers for the upward movement and this could also be the best time for more buyers to buy the dip. However, any bullish movement above the moving averages could hit the resistance level at $0.085 and above.

However, DEFC/USD may begin to display some bearish signals as the market is likely to cross below the lower boundary of the channel, which could cause the coin to hit critical support at $0.065 and below.

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