DeFi Coin Price Prediction: DEFC/USD Turns Lower for More Buyers to Surface
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 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: $0.12, $0.13, $0.14
Support levels: $0.07, $0.05, $0.03
DEFC/USD is at the time of writing trading above the 9-day and 21-day moving averages. The market price is hovering at $0.09 and the DeFi Coin price may retreat more to allow new investors to come into focus.
DeFi Coin Price Prediction: DEFC/USD May 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 $0.09 support level. However, any further bullish movement towards the upper boundary of the channel may push the coin to the potential resistance levels of $0.12, $0.13, and $0.14.
In the meantime, this technical analysis may not play out now if the bears break down and face the lower boundary of the channel to hit the support levels of $0.07, $0.05, and $0.03. Moreover, the technical indicator Relative Strength Index (14) is likely to cross below the 40-level 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 will begin the bullish movement as the market prepares for a new trend.
However, if the buyers push the price above the moving averages, higher resistance could be reached at $0.11 and above as 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 $0.07 and below.
You can purchase DeFi Coin here. Buy DEFC
