DeFi Coin Price Prediction: DEFC/USD Moves Sideways as More Buyers Are Expected
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The DeFi Coin price prediction shows that DEFC will recover to the upside as the coin gets ready for a cross above the moving averages.
DEFC/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.12, $0.14, $0.16
Support levels: $0.04, $0.03, $0.02
DEFC/USD is moving sideways at the moment as the market price is ready to reclaim the resistance level of $0.08 above the 9-day moving average. Meanwhile, the market will become cheaper for new and existing buyers to enter the market. However, should the bulls fail to push the price upward, the DeFi Coin price may continue sideways before gaining the upside.
DeFi Coin Price Prediction: DEFC/USD Would Move Higher
As revealed by the chart, the DeFi Coin price would break towards the upper boundary of the channel if the bulls defended the $0.07 support level. However, any further bullish movement above the 9-day and 21-day moving averages will push the price to the potential resistance levels of $0.12, $0.14, and $0.16.
Nevertheless, the upward movement may be delayed if the bears bring the market price below the moving averages crossing below the lower boundary of the channel and could touch the low of $0.04, $0.03, and $0.02 support levels. More so, the technical indicator Relative Strength Index (14) keeps moving below the 50-level to prepare for the upward movement.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-chart, the DeFi Coin price is still consolidating within the channel. The coin is becoming cheap as the major support level could be located at $0.072. However, if the buyers push the price above the resistance level of $0.076, higher resistance could be at $0.080 and above.
Moreover, the technical indicator Relative Strength Index (14) moves to cross below the 50-level, indicating that bearish signals are still in play. Moreover, should the bulls fail to keep the current market value above the moving averages, the bears can increase the selling pressure, and the nearest support level could be found at $0.070 and below for the existing buyers to buy the dips as the new buyers are expected to come into the market.
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