DeFi Coin Price Prediction: DEFC/USD Ranges; More Buyers Are Expected
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The DeFi Coin price prediction will recover to the upside as the coin gets ready for a cross above the upper boundary of the channel.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.17, $0.18, $0.19
Support levels: $0.12, $0.11, $0.10
DEFC/USD is heading to the upside as the market price remains above the 9-day and the 21-day moving averages. However, the market has become cheaper so therefore, the new and existing buyers are expected to enter the market. Meanwhile, should the bulls fail to push the price upward, the DeFi Coin price may move sideways before creating additional upsides.
DeFi Coin Price Prediction: DEFC/USD Shoots to the Upside
The DeFi Coin price would break above the upper boundary of the channel if the bulls defend the $0.14 level. Consequently, any bullish movement above the channel will push the price to the potential resistance levels of $0.17, $0.18, and $0.19.
Moreover, the upward movement may be delayed if the bears cross below the moving averages. Any further bearish movement could touch the support levels of $0.12, $0.11, and $0.10. More so, the technical indicator Relative Strength Index (14) is showing the possible movement as the signal line moves to cross above the upper boundary of the channel.
DEFC/USD Medium-term Trend: Bullish (2H Chart)
According to the 2-hour chart, the DeFi Coin price will break above the upper boundary of the channel to touch the major resistance level at $0.15. However, if the buyers push the price above this level, higher resistance could be located at $0.16 and above.
Moreover, the technical indicator Relative Strength Index (14) is within the overbought region, indicating that bullish signals are in 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 $0.13 and below.
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