DeFi Coin Price Prediction: DEFC/USD Turns Lower; More Buyers Will Surface
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The DeFi Coin price prediction would begin to form higher as the coin slides below the moving averages.
DEFC/USD Medium-term Trend: Ranging (12H Chart)
Key Levels:
Resistance levels: $0.17, $0.19, $0.21
Support levels: $0.10, $0.08, $0.06
DEFC/USD is trading below the 9-day and 21-day moving averages as the market price hovers at $0.13, and the DeFi Coin could head to the south to allow new investors to come into focus.
DeFi Coin Price Prediction: DEFC/USD Would Break to the Upside
The DeFi Coin price would begin to rise and break towards the upper boundary of the channel as soon as the bulls defend the $0.12 support level. However, any further bullish movement above the upper boundary of the channel may push the coin to the potential resistance levels of $0.17, $0.19, and $0.21.
In the meantime, this technical analysis may be delayed if the bears break down and face the lower boundary of the channel, which could cause the market price to hit the support levels of $0.10, $0.08, and $0.06. Moreover, the technical indicator Relative Strength Index (14) is likely to cross below the 50-level to prepare the coin for the bullish movement if it reverses.
DEFC/USD Medium-term Trend: Bullish (4H Chart)
When compared to the 4-hour chart, the DeFi Coin price would move up higher as it will cross above the 9-day and 21-day moving averages after touching the support at $0.12. However, the long-term moving averages will begin the bullish movement, and the market will prepare for a new trend.
If the buyers push the price above the moving averages, higher resistance could be reached at $0.15 and above, while the technical indicator Relative Strength Index (14) slides below the 40-level. 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 $0.12 and below.
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