DeFi Coin Price Prediction: DEFC/USD Trades Around $0.13 Level
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DeFi Coin Price Prediction – August 11
The DeFi Coin price prediction shows that DEFC is yet to display a significant bullish move as the market may move sideways before moving higher.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
Key Levels:
Resistance levels: $0.15 $0.16, $0.17
Support levels: $0.12, $0.11, $0.10
DEFC/USD is trading below the 9-day and 21-day moving averages as the price moves to touch the resistance level of $0.14. The market price is moving sideways while the coin is getting ready for the upside. 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, and for an upsurge to play out, DEFC/USD needs to cross above the 9-day and 21-day moving averages, which may cause the coin to hit the nearest resistances at $0.15, $0.16, and $0.17 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 $0.12, $0.11, and $0.10 supports. Meanwhile, the technical indicator shows that the Relative Strength Index (14) is moving in the same direction above the 40-level, showing a sideways movement.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
On the 2-hour chart, the DeFi Coin is currently changing hands at $0.131 below the 9-day and 21-day moving averages. If the bulls can hijack the price and push it above the 21-day moving average, the next key resistance level could be at $0.140. Reaching this level could move the coin to $0.145 and above. However, the Relative Strength Index (14) remains below the 40-level, suggesting a sideways movement.
However, if the bulls fail to get the price to the nearest resistance level of $0.140, the market may head to the south. Similarly, the DeFi Coin price is likely to see a sharp drop below the lower boundary of the channel. Breaking below the lower boundary of the channel could bring the market to the support level of $0.120 and below.
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