DeFi Coin Price Prediction: DEFC/USD Rallying Again, Takes Support From $0.12
Estimated Reading Time: 3 minutes
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 would continue to form higher as the coin prepares to follow the bullish movement.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
Key Levels:
Resistance levels: $0.14, $0.15, $0.16
Support levels: $0.11, $0.10, $0.09
DEFC/USD is sliding below the 9-day moving average, but it’s yet to get to the 21-day moving average. The market price is hovering at $0.122, and it could retreat more to allow new investors to come into the market.
DeFi Coin Price Prediction: DEFC/USD Will Retrace Back to the Top
According to the 4-hour chart, the DeFi Coin price will make a retracement back above the 9-day and 21-day moving averages as soon as the bulls defend the $0.12 level. However, any further bullish movement could push the coin above the upper boundary of the channel which will hit the potential resistance levels of $0.14, $0.15, and $0.16.
In the meantime, this technical analysis could be delayed if the bears break towards the lower boundary of the channel and could fall to the support levels of $0.11, $0.10, and $0.09. Similarly, the technical indicator Relative Strength Index (14) remains below the 60-level to prepare the coin for the bullish movement in the next positive direction.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
Looking at the 2-hour chart, the DeFi Coin price is below the 9-day and 21-day moving averages. This is for the new buyers to come into the market and the existing buyers to re-invest. However, the long-term moving averages will begin the bullish movement as the market prepares for a new trend.
Moreover, if the buyers push the price above the upper boundary of the channel, higher resistance could be located at $0.135 and above while the technical indicator Relative Strength Index (14) stays below the 50-level. Moreover, should the bulls fail to move the current market value above, the bears could bring the coin to the support level of $0.115 and below.
You can purchase DeFi Coin here. Buy DEFC
