DeFi Coin Price Prediction: DEFC/USD Reaches $0.15 as Price Pushes Higher
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The DeFi Coin price prediction shows a remarkable improvement today as the coin begins a new upward movement.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
Key Levels:
Resistance levels: $0.18, $0.19, $0.20
Support levels: $0.13, $0.12, $0.11
DEFC/USD is moving towards an upward formation after having a bullish session a few days ago. In the last few days, the DEFC price has increased to a high of $0.15 resistance level. The DEFC price is currently above the 9-day and 21-day moving averages as the signal line of the technical indicator Relative Strength Index (14) moves within the overbought region, which indicates bullish movement.
DeFi Coin Price Prediction: DEFC Bulls Will Keep the Upward Movement
The DeFi Coin price remains above 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 $0.18, $0.19, and $0.20. On the contrary, if DEFC/USD drops below the moving averages, the price could reach the support levels at $0.13, $0.12, and $0.11 respectively.
DEFC/USD Medium-term Trend: Bullish (2H Chart)
Looking at the 2-hour chart, the DeFi Coin is trading above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) remains within the overbought region which increases the bullish movement. However, a possible drop may surface if the price drops below the moving averages, and further bearish movement may bring the coin to the critical support level of $0.14 and below.
However, as the bulls push the coin higher, the DEFC price will cross above the upper boundary of the channel. Once this comes to focus, the price would hit the resistance level of $0.17 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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