DeFi Coin Price Prediction: DEFC/USD Turns Lower for More Buyers to Surface
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The DeFi Coin price prediction would begin to form higher as the coin prepares to follow the bullish movement.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
Key Levels:
Resistance levels: $0.0040, $0.0042, $0.0044
Support levels: $0.0028, $0.0026, $0.0024
DEFC/USD is at the time of writing trading below the 9-day and 21-day moving averages. The market price is hovering at $0.33 and the DeFi Coin price may retreat more to allow new investors to come into focus.
DeFi Coin Price Prediction: DEFC/USD Retreats to Break Upside
The DeFi Coin price would begin to rise and break above the 9-day and 21-day moving averages as soon as the bulls defend the $0.30 support level. Meanwhile, any further bullish movement towards the upper boundary of the channel may push the coin to the potential resistance levels of $0.40, $0.42, and $0.44.
In the meantime, this technical analysis may not play out now if the bears break below the lower boundary of the channel and fall to the support levels of $0.28, $0.26, and $0.24. Moreover, the technical indicator Relative Strength Index (14) is likely to move into the oversold region to prepare the coin for the bullish movement in the next positive direction.
DEFC/USD Medium-term Trend: Ranging (2H Chart)
When compared to the 2-hour chart, the DeFi Coin price would move up higher as it prepares to cross above the 9-day and 21-day moving averages. However, the long-term moving averages may begin the bullish movement as the market prepares for a new trend.
Nevertheless, if the buyers push the price above the moving averages, higher resistance could be reached at $0.40 and above as the technical indicator Relative Strength Index (14) prepares to move away from the oversold region. Moreover, should the bulls fail to move the current market value above, the bears may step into the market, and the nearest support level could be located at $0.30 and below.
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