DeFi Coin Price Prediction: DEFC/USD Stays Above $0.45 Level
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The DeFi Coin price prediction shows that DEFC is yet to display a significant bullish move as the market may range-bound.
DEFC/USD Medium-term Trend: Ranging (1H Chart)
Key Levels:
Resistance levels: $0.52, $0.54, $0.56
Support levels: $0.38, $0.36, $0.34
DEFC/USD is trading below the 9-day and 21-day moving averages as the price moves to touch the resistance level of $0.50. The market price is moving sideways as the coin is getting ready for the upside. Meanwhile, DEFC/USD remains in an unstable market as a price surge is more likely to play out.
DeFi Coin Price Prediction: DEFC Price Would Surge to the Upside
The DeFi Coin price remains intact within the channel. However, for an upsurge to play out, DEFC/USD needs to cross above the 9-day and 21-day moving averages which may cause the coin to meet the nearest resistances at $0.52, $0.54, and $0.56 before traders can consider additional levels for the trade.
On the contrary, a down surge below the lower boundary of the channel could move the market to $0.38, $0.36, and $0.34 supports. Meanwhile, the technical indicator shows that the Relative Strength Index (14) is moving above the 40-level, showing a bullish movement.
DEFC/USD Medium-term Trend: Bullish (30M Chart)
Looking at the 30-minute chart, the DeFi Coin is currently changing hands at $0.45 and above if the bulls can hold the price tight and push it above the 9-day and 21-day moving averages, the next key resistance level could be at $0.48. Reaching this level could move the coin to $0.50 and above. However, the Relative Strength Index (14) moves to cross above the 50-level which could give additional bullish signals.
However, if the bulls fail to get the price to the nearest resistance, the market may head to the south. Additionally, the DeFi Coin price is likely to see a sharp drop below the moving averages. Breaking towards the lower boundary of the channel could bring the market to the support level of $0.42 and below.
