DeFi Coin Price Prediction: DEFC/USD Turns Lower; Ready to Press Higher
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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: Bearish (1D Chart)
Key Levels:
Resistance levels: $0.120, $0.130, $0.140
Support levels: $0.040, $0.030, $0.020
DEFC/USD is sliding below the 9-day and 21-day moving averages as the coin heads toward the lower boundary of the channel. The market price is hovering at $0.071 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 rise and break above the 9-day and 21-day moving averages as soon as the bulls defend the $0.070 support level. On the contrary, any further bullish cross above the 9-day and 21-day moving averages may push the coin to the potential resistance levels of $0.120, $0.130, and $0.140.
In the meantime, this technical analysis may not play out now if the sellers increase the selling pressure, crossing below the channel’s lower boundary will hit the support levels of $0.040, $0.030, and $0.020. Moreover, the technical indicator Relative Strength Index (14) crosses below the 40-level to prepare the coin for the bullish movement in the next positive direction.
DEFC/USD Medium-term Trend: Ranging (4H Chart)
Looking at the 4-hour chart, the DeFi Coin price would move up higher if the coin crosses 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 $0.085 and above as the technical indicator Relative Strength Index (14) remains within 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 $0.060 and below.
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