DeFi Coin Price Prediction: DEFC/USD Sets to Touch $0.08 Level
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The DeFi Coin price prediction shows DEFC getting ready to cross above the 21-day moving average after touching the $0.075 level.
DEFC/USD Long-term Trend: Bearish (1D Chart)
Key Levels:
Resistance levels: $0.15, $0.17, $0.19
Support levels: $0.04, $0.03, $0.02
DEFC/USD is ready to hit the $0.10 resistance level as the coin moves to cross above the 21-day moving average. The market price is currently hovering at $0.074 after recovering from the daily low of $0.073; it could probably retest this level again before rising higher.
DeFi Coin Price Prediction: DEFC Price Will Hit Higher Levels
The DeFi Coin price is moving to cross above the moving averages a break above this barrier will encourage more buyers to increase their entries, which could hit the resistance levels of $0.15, $0.17, and $0.19. On the downside, if the price breakdown and face the lower boundary of the channel, the downside pressure may increase and the next support levels may be created at around $0.04, $0.03, and $0.02 respectively. The technical indicator Relative Strength Index (14) remains below the 40-level, to allow more buyers to come into the market.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
The DeFi Coin is moving to cross above the 9-day and 21-day moving averages as the coin faces the north. However, a close above the resistance level of $0.075 will encourage the bulls to extend the rally towards the resistance level of $0.078 and above.
In other words, a drop towards the lower boundary of the channel could reverse the price of the coin, and a further bearish movement can take it to the support level of $0.072 and below. Meanwhile, there is a possibility that the DeFi coin will begin the upward movement as the technical indicator Relative Strength Index (14) moves to cross above the 60-level.
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