DeFi Coin Price Prediction: DEFC/USD Touches $0.085 Level
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The DeFi Coin price prediction shows DEFC getting ready to cross above the upper boundary of the channel after touching the $0.085 level.
DEFC/USD Long-term Trend: Ranging (1D Chart)
Key Levels:
Resistance levels: $0.12, $0.14, $0.16
Support levels: $0.06, $0.04, $0.02
DEFC/USD is ready to hit the $0.10 resistance level as the coin trades above the 9-day and 21-day moving averages. The DeFi Coin price is currently trading at $0.083 after recovering from the daily low of $0.081; it could probably retest this level again before rising higher.
DeFi Coin Price Prediction: DEFC Price Will Hit Higher Levels
The DEFC price is moving to cross above the upper boundary of the channel, a break above this barrier will encourage more buyers to increase their entries, which could hit the resistance levels of $0.12, $0.14, and $0.16. On the downside, if the price breakdown and face the lower boundary of the channel, the downside pressure may increase and the next support levels may be created at around $0.06, $0.04, and $0.02 respectively. The technical indicator Relative Strength Index (14) keeps moving to cross above the 60-level, to allow more buyers to come into the market.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
The DeFi Coin is sliding below the 9-day and 21-day moving averages as the coin faces the south. Meanwhile, a close above the resistance level of $0.085 will encourage the bulls to extend the rally towards the resistance level of $0.090 and above.
However, a drop towards the lower boundary of the channel could reverse the market price, and a further bearish movement can take the coin to the support level of $0.078 and below. Meanwhile, there is a possibility that the DeFi coin will begin the upward movement if the technical indicator Relative Strength Index (14) moves back into the overbought region.
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