DeFi Coin Price Prediction: DEFC/USD Ranges for More Buyers to Surface
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The DeFi Coin price prediction reveals that DEFC will head to the upside by crossing above the 9-day and 21-day moving averages.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.40, $0.42, $0.44
Support levels: $0.31, $0.29, $0.27
DEFC/USD is moving sideways as the market price moves to cross above the 9-day and the 21-day moving averages. 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 sideways before heading to the upside.
DeFi Coin Price Prediction: DEFC/USD Will Head to the North
After crossing above the 9-day and 21-day moving averages, the DeFi Coin price will face the upper boundary of the channel. Any further bullish movement above the channel will push the price to the potential resistance levels of $0.40, $0.42, and $0.44.
Looking at it technically, the upward movement may be delayed if the bears slide towards the lower boundary of the channel to touch the low of $0.31, $0.29, and $0.27 support levels. More so, the technical indicator Relative Strength Index (14) remains above the 40-level, suggesting upward movement for the coin.
DEFC/USD Medium-term Trend: Ranging (1 Hour Chart)
According to the 1-hour chart, the DeFi Coin price will cross above the 9-day and 21-day moving averages to touch the major resistance level at $0.37. However, if the buyers push the price above this level, higher resistance could be located at $0.39 and above.
Moreover, the technical indicator Relative Strength Index (14) moves within the oversold region, indicating that bullish signals are coming to play. Therefore, should the bulls fail to move the current market value to the upside, the bears may step back into the market, and the nearest support level could be found at $0.32 and below.
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