DeFi Coin Price Prediction: DEFC/USD Remains Under $0.10; It’s Time to Invest More
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The DeFi Coin price prediction reveals that DEFC drops to touch the daily low of $0.068 as the price dips for new buyers to surface.
DEFC/USD Medium-term Trend: Bearish (1D Chart)
Key Levels:
Resistance levels: $0.13, $0.15, $0.17
Support levels: $0.03, $0.02, $0.01
DEFC/USD is trading at $0.06 hovering below the 9-day and 21-day moving averages. According to the chart, sellers are pushing the coin towards the south as this could allow the new buyers to step into the market while the existing buyers are expected to buy more.
DeFi Coin Price Prediction: DEFC Price Retreats to Move Higher
The 4-hour chart indicates that the DeFi Coin price is cheap for more buyers to come into the market. However, the coin will drop more as the technical indicator Relative Strength Index (14) remains within the oversold region, but the market will expect the existing buyers to buy the dips as any further supports could be located at $0.03, $0.02, and $0.01.
Moreover, should the buyers hold the current support of $0.06, pushing it higher can hit the immediate resistance at the $0.10 level. However, any further bullish movement above the upper boundary of the channel will locate the resistance levels at $0.13, $0.15, and $0.17.
DEFC/USD Medium-term Trend: Bearish (4H Chart)
On the 4-hour chart, the DeFi Coin price remains below the 9-day and 21-day moving averages as this could allow new buyers to enter the market. Similarly, the existing buyers are also expected to buy the dip while the coin gathers enough momentum to begin another bullish movement.
From above, if the buyers push the price above the moving averages; higher resistance could be found at $0.10 and above. But, should the coin retreat and slide below the lower boundary of the channel, another support may come at $0.05 and below, while the Relative Strength Index (14) stays within the oversold region, which indicates the incoming bullish movement.
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