DeFi Coin Price Prediction: DEFC/USD Ready to Break Above $0.50 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 (1H Chart)
Key Levels:
Resistance levels: $0.0050, $0.0052, $0.0054
Support levels: $0.0040, $0.0038, $0.0036
DEFC/USD is ready for the upside as the coin prepares for a recovery above the 9-day and 21-day moving averages. However, if the bulls increase their momentum and penetrate the resistance level at $0.0050, then, the price would shoot higher by crossing above the upper boundary of the channel.
DeFi Coin Price Prediction: DEFC Spikes to the Upside
Looking at the 1-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 as the next support levels could be located at $0.40, $0.38, and $0.36 respectively.
In the meantime, the DeFi Coin price may continue to move to the upside as the coin aims to hit the potential resistance levels of $0.50, $0.52, and $0.54. The technical indicator Relative Strength index (14) is moving to cross above 60-level, suggesting bullish movement for the coin.
DEFC/USD Medium-term Trend: Ranging (15M Chart)
The DeFi Coin is trading within the 9-day and 21-day moving averages as revealed in the chart, but the coin is getting ready for the upward movement. Therefore, should the price break above the moving averages, the market may experience an upward trend which could touch the resistance level at $0.48 and above.
Meanwhile, DEFC/USD is likely to retreat a little bit, if the coin breaks below the 9-day moving average; it may hit the support at $0.43 and below. However, the technical indicator Relative Strength Index (14) moves to cross below 50-level, which may allow new investors to enter the market.
