DeFi Coin Price Prediction: DEFC/USD Reaches $0.075 as Price Pushes Higher
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The DeFi Coin price prediction shows a slight improvement today as the coin begins a new upward movement.
DEFC/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.13, $0.15, $0.17
Support levels: $0.04, $0.03, $0.02
DEFC/USD is moving to cross above the 9-day and 21-day moving averages after having a bullish session a few days ago. In the last few days, the DEFC price has increased with a gain of 2.27%. The DEFC price is currently near the 9-day and 21-day moving averages as the signal line of the technical indicator Relative Strength Index (14) heads toward the 50-level, suggesting bullish movement.
DeFi Coin Price Prediction: DEFC Bulls Will Follow the Upward Movement
The DeFi Coin price keeps moving around the 9-day and 21-day moving averages, if the coin maintains the bullish trend, the bulls would push the price towards the resistance levels of $0.13, $0.15, and $0.17. On the contrary, if DEFC/USD drops and faces the lower boundary of the channel, the price could reach the support levels at $0.04, $0.03, and $0.02 respectively.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
Looking at the 4-hour chart, the DeFi Coin is trading above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves to enter into the overbought region to increase the bullish movement. However, a possible drop may surface if the price drops below the moving averages, and any bearish movement could bring the coin to the critical support level of $0.072 and below.
However, as the bulls push the coin higher, the DEFC price will head towards the upper boundary of the channel as the price could hit the resistance level of $0.080 and above. More so, the trading volume is coming up slowly and will start climbing higher as much as the technical indicator remains on the positive side.
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