DeFi Coin Price Prediction: DEFC/USD Trades Near $0.40 Resistance
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Free Crypto Signals Channel
Free Telegram Channel
The DeFi Coin price prediction shows that DEFC is riding the bulls as traders prepare for a great moment ahead.
DEFC/USD Long-term Trend: Bullish (4H Chart)
Key Levels:
Resistance levels: $0.44, $0.46, $0.48
Support levels: $0.30, $0.28, $0.26
DEFC/USD increases their entries as the bullish run will continue to play out. The DeFi Coin price is currently facing a potential resistance at the $0.40 level above the upper boundary of the channel. A break above this barrier would produce a huge green candle above the channel, marking resistance at $0.44, $0.46, and $0.48 levels.
DeFi Coin Price Prediction: DEFC Price Is Facing The Upside
The DeFi Coin price is moving bullishly as the coin continues to move above the 9-day and 21-day moving averages. On the other hand, a slight retreat may bring the market below the moving averages with a possible break to the supports at $0.30, $0.28, and $0.26. Looking at it from above, the technical indicator Relative Strength Index (14) keeps moving within the overbought region, suggesting bullish movement.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
The DeFi Coin price is attempting to cross above the upper boundary of the channel, but as it appeared, in the next positive movement, the coin will hit the resistance level of $0.40, which is why the bulls are keeping the DeFi Coin above the 9-day and 21-day moving averages.
Moreover, if bears try to break down the price, traders would expect the market to touch the support level of $0.33 and below, while a bullish continuation would push the price to the resistance level of $0.41 and above as the technical indicator Relative Strength Index (14) remains within the overbought region.
You can purchase DeFi Coin here. Buy DEFC
