DeFi Coin Price Prediction: DEFC/USD Touches $0.073 Level; Best Time to Buy
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The DeFi Coin price prediction drops to touch the daily low of $0.072 as the price dips for new buyers to surface.
DEFC/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.11, $0.12, $0.13
Support levels: $0.050, $0.040, $0.030
DEFC/USD is currently trading at $0.072 below the 9-day and 21-day moving averages. The sellers will bring the coin towards the south as this allows the new buyers to step into the market while the existing buyers are expected to buy the dips.
DeFi Coin Price Prediction: DEFC Price Retreats to Move Higher
Looking at the daily chart, the DeFi Coin price is now becoming cheap for more buyers to enter the market. However, the coin will drop more as the technical indicator Relative Strength Index (14) moves to cross below the 40-level. Meanwhile, the coin will experience new buyers coming into the market, but any further supports below the lower boundary of the channel could be located at $0.11, $0.12, and $0.13 respectively.
However, should the buyers hold the current support of $0.072 and push the coin above the upper boundary of the channel; the bulls can expect immediate resistance to be located at $0.08. Any further bullish movement could hit the resistance level of $0.11, $0.12, and $0.13.
DEFC/USD Medium-term Trend: Ranging (4-Hour Chart)
On the 4-hour chart, the DeFi Coin price moves in the same direction, breaking toward the lower boundary of the channel will allow new buyers to enter the market. Nevertheless, the existing buyers are also expected to buy the dip as the buyers gather momentum to begin a new bullish movement.
From above, if the buyers push the price above the 9-day and 21-day moving averages, the potential resistance level could be found at $0.09 and above. Moreover, should the coin slide towards the lower boundary of the channel, another support may come at $0.06 and below while the Relative Strength Index (14) is moving to cross above the 40-level.
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