DeFi Coin Price Prediction: DEFC/USD Touches $0.079 as Price Shoots to the North
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The DeFi Coin price prediction shows a remarkable improvement today as the coin begins a new bullish movement.
DEFC/USD Medium-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.13, $0.15, $0.17
Support levels: $0.04, $0.03, $0.02
DEFC/USD is moving towards an upward formation after having a bullish session a few hours ago. The DEFC price is currently above the 9-day and 21-day moving averages as the signal line of the technical indicator Relative Strength Index (14) moves above the 50-level, suggesting bullish movement.
DeFi Coin Price Prediction: DEFC Heads to the Upside
The DeFi Coin price is currently above the 9-day and 21-day moving averages as the coin faces the upper boundary of the channel. However, if the coin maintains the bullish movement, it will push the price above the channel which could hit resistance levels of $0.13, $0.15, and $0.17. On the contrary, if DEFC/USD drops below the moving averages, the price could touch the support levels at $0.04, $0.03, and $0.02 respectively.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
DEFC/USD is trading above the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) moves to cross into the overbought region. On the other hand, a possible drop below the moving averages may surface if the price retreats slightly, any further bearish movement may bring the coin to the support level of $0.077 and below.
At the moment, the coin is moving to cross above the upper boundary of the channel. Therefore, as the bulls push the coin higher, the DEFC price will cross above the channel, and once this comes to focus, the price would hit the resistance level of $0.079 and above. More so, the trading volume is coming up slowly and will begin to climb higher as soon as the technical indicator Relative Strength Index (14) moves into the overbought region.
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