DeFi Coin Price Prediction: DEFC/USD Soars Above $0.38 Level
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The DeFi Coin price prediction hovers around the $0.389 level as the market price moves to cross above the channel.
DEFC/USD Long-term Trend: Bullish (4H Chart)
Key Levels:
Resistance levels: $0.43, $0.45, $0.47
Support levels: $0.35, $0.33, $0.31
DEFC/USD is trading around $0.389 as the bulls push the coin far above the 9-day and 21-day moving averages. However, the current trend suggests a growth momentum in the next positive direction. Meanwhile, buyers are expected to invest more as a bullish movement is coming to play out.
DeFi Coin Price Prediction: Would DEFC/USD Hit $0.40 Resistance?
The DeFi Coin price will continue to experience an increase in volume as the coin faces the upside. Meanwhile, if the coin delays its bullish movement, the bears may revisit the market with more downs for the new investors to come into the market. However, crossing below the 9-day moving average may locate the support levels at $0.35, $0.33, and $0.31.
According to the 12-hour chart, the DeFi Coin price will continue to move bullishly as the technical indicator Relative Strength Index (14) remains within the overbought region. However, any further bullish movement will hit the potential resistance levels at $0.43, $0.45, and $0.47.
DEFC/USD Medium-term Trend: Bullish (2H Chart)
Looking at the 24-hour chart, the DeFi Coin price is moving to cross above the upper boundary of the channel as the coin heads to the north. Therefore, should the price break above the channel, the market price could touch the resistance level at $0.42 and above.
On the contrary, DEFC/USD may retreat and cross below the 9-day and 21-day moving averages to hit the support at $0.35 and below for more buyers to come into the market. However, the technical indicator Relative Strength Index (14) continues to move within the overbought region, suggesting more bullish signals.
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