DeFi Coin Price Prediction: DEFC/USD Sets to Touch $0.12 Level
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The DeFi Coin price prediction shows DEFC getting ready to cross above the 21-day moving average as the coin trades at the $0.112 level.
DEFC/USD Long-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.14, $0.16, $0.18
Support levels: $0.09, $0.07, $0.05
DEFC/USD is ready to hit the $0.12 resistance level as the coin moves to cross above the 21-day moving average. However, the DEFC price is currently trading at $0.112, although the coin touches the 21-day MA after recovering from the daily low, it could probably retest the $0.110 level before rising higher.
DeFi Coin Price Prediction: DEFC Price Ready for The Upside
The DEFC price is moving to cross above the 21-day moving average as a break above this barrier could encourage the existing buyers to gain more and the new buyers to enter the market. If the bullish movement continues, DEFC/USD could hit the resistance levels of $0.14, $0.16, and $0.18 respectively. On the downside, if the price breaks below the lower boundary of the channel, the downside pressure may increase as the next supports may be created around $0.09, $0.07, and $0.05. The technical indicator Relative Strength Index (14) is moving to cross above the 40-level, suggesting a more bullish movement.
DEFC/USD Medium-term Trend: Bearish (2H Chart)
The DeFi Coin is moving to cross above the upper boundary of the channel as the coin range bounds. However, a close above the resistance level of $0.12 will encourage the bulls to extend the rally towards the resistance level of $0.13 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 $0.11 and below. Meanwhile, there is a possibility that the DeFi coin will continue the upward movement as the technical indicator Relative Strength Index (14) remains within the overbought region.
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