DeFi Coin Price Prediction: DEFC/USD Trades at $0.074 as Price Heads to the Upside
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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: $0.110, $0.120, $0.130
Support levels: $0.050, $0.040, $0.030
According to the daily chart, DEFC/USD is moving towards an upward formation after having a bearish session a few hours ago. The DEFC price is currently moving to cross above the 9-day and 21-day moving averages as the signal line of the technical indicator Relative Strength Index (14) crosses above the 40-level, which indicates bullish movement.
DeFi Coin Price Prediction: DEFC Bulls Will Spike to the Upside
The DeFi Coin price is going to cross above the moving averages to head to the upside. However, if the coin maintains the bullish trend, the bulls would push the price towards the resistance levels of $0.110, $0.120, and $0.130. On the contrary, if DEFC/USD drops below the lower boundary of the channel, the price could touch the support levels at $0.050, $0.040, and $0.030 respectively.
DEFC/USD Medium-term Trend: Bearish (4H Chart)
DEFC/USD is trading above the 9-day moving average as the technical indicator Relative Strength Index (14) moves to cross above the 30-level which could increase the bullish movement. However, a possible drop below the lower boundary of the channel may surface if the price head to the south, any further bearish movement may bring the coin to the critical support level of $0.065 and below.
However, as the bulls push the coin higher, the DEFC price will cross above the upper boundary of the channel. Once this comes to focus, the price would hit the resistance level of $0.085 and above. More so, the trading volume is coming up slowly and will begin to climb higher if the technical indicator moves to the positive side.
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