DeFi Coin Price Prediction: DEFC/USD Stays Above $0.11 Level
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The DeFi Coin price prediction shows that DEFC is yet to display a significant bullish move as the market may range-bound.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
Key Levels:
Resistance levels: $0.14, $0.15, $0.16
Support levels: $0.10, $0.09, $0.08
DEFC/USD is trading above the 9-day and 21-day moving averages as the price moves to touch the resistance level of $0.119. The market price is moving sideways while the coin is getting ready for upward movement. Meanwhile, DEFC/USD remains in an unstable market as a price surge is more likely to play out.
DeFi Coin Price Prediction: DEFC Price Would Surge to the Upside
The DeFi Coin price remains intact within the channel, and for an upsurge to play out, DEFC/USD needs to remain above the 9-day and 21-day moving averages. Any further bullish movement above the upper boundary of the channel may cause the coin to meet the nearest resistance levels at $0.14, $0.15, and $0.16 before traders can consider additional levels for the trade.
On the contrary, a down surge below the lower boundary of the channel could move the market to $0.10, $0.09, and $0.08 supports. Meanwhile, the technical indicator shows that the Relative Strength Index (14) is moving above the 60-level, showing a bullish movement.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
Looking at the 2-Hour chart, the DeFi Coin is currently changing hands at $0.08 as the coin slides below the 9-day and 21-day moving averages. As the coin becomes cheap, new buyers are expected to come into the market while the existing ones are to buy the dips. However, if the bulls can hold the price tight and push it above the 9-day and 21-day moving averages, the next key resistance level could be at $0.12. Reaching this level could move the coin to $0.14 and above.
In addition, the Relative Strength Index (14) moves into the oversold region to prepare for the upward movement. More so, the DeFi Coin price is likely to see a sharp drop below the channel. Breaking below the lower boundary of the channel could bring the market to the support level of $0.07 and below.
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