DeFi Coin Price Prediction: DEFC/USD Sets to Touch $0.40 Resistance
May 13, 2022
#DEFC#DEFCUSD#DeFi Coin#Technical Analysis
DeFi Coin Price Prediction – May 13
The DeFi Coin price prediction shows that DEFC is getting ready to move to the upside as the coin hovers around the $0.37 level.
DEFC/USD Long-term Trend: Ranging (2H Chart)
Resistance levels: $0.0045, $0.0050, $0.0055
Support levels: $0.0030, $0.0025, $0.0020
DEFC/USD could hit the $0.40 resistance level in the next positive movement. The difficult period seems to be over for this crypto as it tries to focus on the upside. However, the DEFC price is currently trading at $0.37, although the coin touches the daily high at $0.39 after recovering from the daily low of $0.36, it could probably retest this level again before it rises higher.
DeFi Coin Price Prediction: DEFC Price Ready for the Higher Levels
The DEFC price is seen moving to cross above the 9-day moving average. A break above this barrier could encourage more buyers to increase their entries, eventually pushing the price to hit the resistance levels of $0.45, $0.50, and $0.55. On the downside, once the price breaks below the 21-day moving average, the sell-off could gain traction with the next focus toward the lower boundary of the channel.
Moreover, if the support level of $0.35 is broken, the downside pressure may increase while the next supports may be created around $0.30, $0.25, and $0.20 respectively. The technical indicator Relative Strength Index (14) is likely to remain above 50-level, to give additional bullish signals.
DEFC/USD Medium-term Trend: Ranging (30M Chart)
The DeFi Coin is moving to cross above the 9-day and 21-day moving averages as the coin range bounds. However, a close above the resistance level of $0.38 will encourage the bulls to extend the rally towards the resistance level of $0.40 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 $0.35 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 above 50-level with the signal line pointing to the north.
You can purchase DeFi Coin here. Buy DEFC