DeFi Coin Price Prediction: DEFC/USD Moves to Break Above $0.35
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The DeFi Coin price prediction remains in the green as the cryptocurrency market gains from the increased buying pressure.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
Key Levels:
Resistance levels: $0.40, $0.42, $0.44
Support levels: $0.28, $0.26, $0.24
DEFC/USD is now trading close to $0.350 after touching $0.338 resistance in the early hour of today. The coin will face the upside as soon as the price crosses the 9-day and 21-day moving averages. Meanwhile, the DeFi Coin may begin the week on a better note to cross above the channel. However, the current performance is progressive and could give room for more investments.
DeFi Coin Price Prediction: DEFC/USD Price Will Shoot High
At the time of writing, the DEFC price is hovering around the 9-day and 21-day moving averages. However, the technical indicator Relative Strength Index (14) is moving to cross above the 50-level, once it faces down, there is a higher chance that the price could locate supports at $0.28, $0.26, and $0.24 but heading to the upside may locate the resistance levels at $0.40, $0.42, and $0.44.
DEFC/USD Medium-term Trend: Ranging (30M Chart)
The DeFi Coin price is currently moving above the 9-day and 21-day moving averages as it is going to cross above the upper boundary of the channel. At the time of writing, the coin is hovering around $0.34.
However, if the buyers can push the price a little bit to the upside, higher resistance could lie at $0.35 and above. More so, should the bulls fail to push the coin above, the nearest level of support toward the downside could be located at $0.33 and below but the technical indicator Relative Strength Index (14) moves above the 60-level, suggesting that more bullish signals will play out.
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