DeFi Coin Price Prediction: DEFC/USD Ready to Face the Upward Movement
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The DeFi Coin price prediction shows that DEFC is going to move to the upside as the coin hovers around the $0.068 level.
DEFC/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.13, $0.14, $0.15
Support levels: $0.27, $0.26, $0.25
DEFC/USD will hit the $0.10 resistance level in the next positive movement as the difficult time seems to be fading out for the coin. However, the DEFC price is currently trading at $0.068, as soon as the coin crosses above the 9-day moving average, it could probably touch the resistance level of $0.12 for it to move higher.
DeFi Coin Price Prediction: DEFC Price Will Spike to the Upside
The DEFC price is seen moving below the 9-day and 21-day moving averages. A break towards the upper boundary of the channel could encourage more buyers to increase their entries, and they could eventually push the coin to hit the resistance levels of $0.13, $0.14, and $0.15. On the downside, if the price breaks below the 9-day moving average, the sell-off could gain traction with the next focus toward the lower boundary of the channel.
Moreover, if the support level of $0.06 is broken, the downside pressure may increase while the next supports may be created around $0.027, $0.26, and $0.25 respectively and the buyers should get ready to buy the dip. However, the technical indicator Relative Strength Index (14) could cross into the oversold region to prepare the new buyers to invest in the coin.
DEFC/USD Medium-term Trend: Bearish (4H Chart)
The DeFi Coin is crossing above the 9-day and 21-day moving averages to confirm the bullish movement. However, any bullish movement towards the upper boundary of the channel will encourage the bulls to extend the rally towards the resistance level of $0.10 and above.
On other hand, a drop below the 9-day and 21-day moving averages could reverse the DEFC price, and a further bearish movement could take the coin to the support level of $0.05 and below. Meanwhile, there is a possibility that the DeFi coin will continue the upward movement as the technical indicator Relative Strength Index (14) moves to cross above the 30-level with the signal line pointing to the north.
You can purchase DeFi Coin here. Buy DEFC
