DeFi Coin Price Prediction: DEFC/USD Ranges; More Buyers Are Expected
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The DeFi Coin price prediction is gradually recovering to the upside as the coin gets ready for a spike towards the channel.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.12, $0.13, $0.14
Support levels: $0.08, $0.07, $0.06
DEFC/USD is ranging as the market price stays above the 9-day and the 21-day moving averages. The DeFi Coin market can become cheaper for new and existing buyers to enter the market. Therefore, should the bulls fail to push the price towards the upper boundary of the channel; DEFC/USD will continue to range before heading to the upside.
DeFi Coin Price Prediction: DEFC/USD Would Move Higher
The DeFi Coin price would break towards the upper boundary of the channel as soon as the bulls defend the $0.09 support level. Consequently, any further bullish movement above the channel will cause the coin to hit the potential resistance levels of $0.12, $0.13, and $0.14.
On the contrary, the bullish movement may be delayed if the coin crosses below the moving averages, which could touch the supports at $0.08, $0.07, and $0.06. More so, the technical indicator Relative Strength Index (14) remains above the 50-level to prepare the coin for upward movement.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
According to the chart, the DeFi Coin price faces the north to touch the major resistance level at $0.10. If the buyers push the price above this level, higher resistance could be located above the upper boundary of the channel at $0.12 and above.
Moreover, the technical indicator Relative Strength Index (14) moves to cross above the 60-level, indicating that bullish signals are coming to play. Moreover, 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 $0.07 and below, this could allow new buyers to surface.
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