DeFi Coin Price Prediction: DEFC/USD Ranges As Price Targets $0.40 Level
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The DeFi Coin price prediction reveals that the bulls would increase their momentum as the price is ready for a cross above the channel.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.45, $0.47, $0.49
Support levels: $0.32, $0.30, $0.28
DEFC/USD is moving sideways above the 9-day and 21-day moving averages. Meanwhile, the bullish momentum is gathering for a positive movement above the $0.38 resistance level. However, if the bulls fail to drive the price higher, the DeFi Coin price may likely consolidate for some time.
DeFi Coin Price Prediction: DEFC/USD Bulls Ready for the Upward Movement
The DeFi Coin price is changing hands at $0.38 where it will begin to face the upside. However, if the coin crosses above the upper boundary of the channel, the coin will locate the potential resistance levels at $0.45, $0.47, and $0.49, while crossing below the 21-day moving average could hit the support levels at $0.32, $0.30, and $0.28 so that the new entries may play out. Similarly, the technical indicator Relative Strength Index (14) remains within the overbought region to increase the bullish movement.
DEFC/USD Medium-term Trend: Bullish (1H Chart)
The DeFi Coin price stays within the 9-day and 21-day moving averages, while the technical indicator Relative Strength Index (14) is crossing below 60-level as the coin gets ready for the upward movement. However, any bullish movement above the upper boundary of the channel will locate the resistance level at $0.42 and above.
However, DEFC/USD will begin to display some bullish signals, and once this is done, the market price will head to the upside, but if the price drop below the lower boundary of the channel, it could touch the nearest support at $0.36 and below.
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