DeFi Coin Price Prediction: DEFC/USD Prepares for a Strong Upside Price Rally
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Free Crypto Signals Channel
Free Telegram Channel
The DeFi Coin price prediction will recover to the upside as the coin gets ready for a cross above the 9-day and 21-day 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
According to the daily chart, DEFC/USD is ranging as the coin gets ready to cross above the 9-day and the 21-day moving averages. Meanwhile, the market will become cheaper so that new and existing buyers could enter the market. However, should the bulls fail to push the price upward, the DeFi Coin price may continue with the sideways movement before heading to the upside.
DeFi Coin Price Prediction: DEFC/USD Would Move Higher
The DeFi Coin price will break towards the upper boundary of the channel if the bulls make the coin hit the $0.10 level. However, any further bullish movement towards the upper boundary of the channel will hit the potential resistance levels of $0.12, $0.14, and $0.16.
On the contrary, the upward movement may be delayed if the coin crosses below the channel’s lower boundary, which could touch the low of $0.04, $0.03, and $0.02 support levels. More so, the technical indicator Relative Strength Index (14) remains above the 40-level to prepare for the upward movement.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
According to the 4-hour chart, the DeFi Coin rises above the 9-day and 21-day moving averages as the bulls hijacked the market from the bears and headed towards the north to touch the major resistance level at $0.076. In addition, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.082 and above.
Moreover, the technical indicator Relative Strength Index (14) moves to cross above the 60-level, encouraging new and existing buyers to invest in the coin. Therefore, should the bulls fail to move the current market value above, the bears may step back into the market, and the nearest support level could be found at $0.072 and below.
You can purchase DeFi Coin here. Buy DEFC
