DeFi Coin Price Prediction: DEFC/USD Ready for a Cross Above $0.30 Resistance
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The DeFi Coin price prediction shows that DEFC spikes to touch the resistance level of $0.31 after ranging for many days.
DEFC/USD Long-term Trend: Bearish (4H Chart)
Key Levels:
Resistance levels: $0.0035, $0.0037, $0.0039
Support levels: $0.0026, $0.0024, $0.0022
DEFC/USD is currently trading above the 9-day and 21-day moving averages. If the trading volume increases significantly, a bullish run will continue to play out. Following the recent price, the DeFi Coin is currently facing a potential resistance above the $0.0030 level. A break above this level would produce a huge green candle above the upper boundary of the channel which will hit the potential resistance levels of $0.0035, $0.0037, and $0.0039 levels.
DeFi Coin Price Prediction: DEFC Moves to Break More Upsides
The DeFi Coin price is moving bullishly as the coin begins a new upward movement. If the coin continues this way, it will hit the nearest resistance level of $0.35 in the next positive direction. On the contrary, a bearish step back may roll the market back to the downside with a possible break down to $0.0026, $0.0024, and $0.0022 supports; this could give room for the new buyers to come into the market. The technical indicator Relative Strength Index (14) confirms the bullish movement as the signal line moves into the overbought region.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
According to the 2-hour chart, the DeFi Coin price is attempting to cross above the upper boundary of the channel. As it appeared, the bulls are moving with full force as the coin trades at $0.33 above the 9-day and 21-day moving averages, ready to break more hurdles.
In other words, if bears try to break down the price, traders would expect the market to touch the support level of $0.0028 and below. Meanwhile, a bullish continuation would push the price to the resistance level of $0.0038 and above as the technical indicator Relative Strength Index (14) moves into the overbought region.
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