DeFi Coin Price Prediction: DEFC/USD Touches $0.12 as Price Shoots to the North
July 4, 2022
#DEFC#DEFCUSD#DeFi Coin#Technical Analysis
DeFi Coin Price Prediction – July 4
The DeFi Coin price prediction shows a remarkable improvement today as the coin begins a new bullish movement.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
Resistance levels: $0.15, $0.16, $0.17
Support levels: $0.10, $0.09, $0.08
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 moving average as the signal line of the technical indicator Relative Strength Index (14) moves above the 40-level, suggesting bullish movement.
DeFi Coin Price Prediction: DEFC Heads to the Upside
The DeFi Coin price is currently above the 9-day moving average as the coin prepares to cross above the 21-day moving average. However, if the coin maintains the bullish movement, it will push the price towards the upper boundary of the channel which could hit resistance levels of $0.15, $0.16, and $0.17. On the contrary, if DEFC/USD drops below the lower boundary of the channel, the price could touch the support levels at $0.10, $0.09, and $0.08 respectively.
DEFC/USD Medium-term Trend: Bearish (2H 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 above the 60-level. On the other hand, a possible drop below the moving averages may surface if the price retreats a little, any further bearish movement may bring the coin to the critical support level of $0.11 and below.
At the moment, the coin is heading towards the channel’s upper boundary. 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 $0.14 and above. More so, the trading volume is coming up slowly and will begin to climb higher as much as the technical indicator Relative Strength Index (14) climbs above the 60-level.
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