DeFi Coin Price Prediction: DEFC/USD Ready to Touch $0.35 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: $0.38, $0.40, $0.42
Support levels: $0.30, $0.28, $0.26
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 $0.35, then, the price would shoot higher by crossing above the upper boundary of the channel.
DeFi Coin Price Prediction: DEFC Will Spike to the Upside
According to the 4-hour Chart, the DeFi Coin price will experience an increasing volume coupled with a bullish regroup, it will begin to correct gain significantly on the upside. On the contrary, the bears may become severe with more losses for the new buyers to enter as the next support levels could be located at $0.30, $0.28, and $0.26 respectively.
In the meantime, the DeFi Coin price will begin to move to the upside as the coin aims to hit the potential resistance levels of $0.38, $0.40, and $0.42. The technical indicator Relative Strength index (14) is moving above the 40-level, suggesting bullish movement for the coin.
DEFC/USD Medium-term Trend: Ranging (1H Chart)
The DeFi Coin is trading above the 9-day and 21-day moving averages as revealed in the chart as the coin keeps facing the upward movement. However, should the price break above the $0.35 level, the market may experience an upward trend which could touch the resistance level at $0.36 and above.
In other words, 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 $0.32 and below. However, the technical indicator Relative Strength Index (14) moves to cross above 60-level, suggesting bullish movement.
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