DeFi Coin Price Prediction: DEFC/USD Ready to Break Above $0.10 Level
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The DeFi Coin price prediction is consolidating, if the bulls increase their momentum, the price would shoot higher.
DEFC/USD Long-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.11, $0. 12, $0.13
Support levels: $0.08, $0.007, $0.06
DEFC/USD is ready for the upside as the coin prepares for a recovery above the 9-day and 21-day moving averages. If the bulls increase their momentum and penetrate the resistance level at $0.0010, then, the price will shoot higher by heading towards the upper boundary of the channel.
DeFi Coin Price Prediction: DEFC Spikes to the Upside
Looking at the 4-hour chart, if the DeFi Coin price can experience an increasing volume coupled with a bullish regroup, it will begin to correct gain significantly on the upside. On the contrary, the bears could become severe with more losses for the new buyers to enter, if the coin slide below the lower boundary of the channel, and the next support levels could be located at $0.08, $0.07, and $0.06 respectively.
In the meantime, the DeFi Coin price may continue to move to the upside, if the coin hit the nearest resistance level at $0.10, any further bullish movement could reach the potential resistance levels of $0.11, $0.12, and $0.13. The technical indicator Relative Strength index (14) is crossing above 60-level, suggesting bullish movement for the coin.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
The DeFi Coin is trading above the 9-day and 21-day moving averages as revealed in the chart, following the upward movement. However, should the price break above the upper boundary of the channel, DEFC/USD will touch the resistance level of $0.102 and above.
Meanwhile, should the coin retreat a little bit, it could break below the 9-day and 21-day moving averages and it is likely to hit the support at $0.092 and below. However, the technical indicator Relative Strength Index (14) moves into the overbought region, suggesting a bullish movement for the market.
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