DeFi Coin Price Prediction: DEFC/USD Sets to Touch $0.20 Level
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The DeFi Coin price prediction shows DEFC getting ready to cross above the 9-day moving average as the coin trades at the $0.156 level.
DEFC/USD Long-term Trend: Bearish (4H Chart)
Key Levels:
Resistance levels: $0.24, $0.26, $0.28
Support levels: $0.10, $0.08, $0.06
DEFC/USD is ready to hit the $0.20 resistance level as the coin moves to cross above the 9-day moving average. However, the DEFC price is currently trading at $0.156, although the coin touches the daily high at $0.157 after recovering from the daily low of $0.154, it could probably retest the $0.150 level before rising higher.
DeFi Coin Price Prediction: DEFC Price Ready for the Higher Levels
The DEFC price is moving to cross above the 9-day moving average as a break above this barrier could encourage more buyers to increase their entries, which could hit the resistance levels of $0.24, $0.26, and $0.28. On the downside, if the price breaks below the channel’s lower boundary, the downside pressure may increase while the next supports may be created around $0.10, $0.08, and $0.06 respectively. The technical indicator Relative Strength Index (14) remains within the oversold region, to allow more buyers to come into the market.
DEFC/USD Medium-term Trend: Bearish (2H Chart)
The DeFi Coin is moving to cross above the 21-day moving averages as the coin range bounds. However, a close above the resistance level of $0.16 will encourage the bulls to extend the rally towards the resistance level of $0.22 and above.
On other hand, a drop towards the lower boundary of the channel 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 begin the upward movement as the technical indicator Relative Strength Index (14) gets ready to move away from the oversold region.
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