Achain has been on a tear in the last month, with its price jumping from $0.18 to $0.35 in just one month! The coin is up by over 4x since our last prediction post, but what will happen when it hits $0.50?
The Achain Price Prediction 2021 is a question that asks if the Achain coin will hit $0.50 soon.
- The range of bullish ACT price predictions is $0.030 to $0.435.
- It’s possible that the ACT price will hit $0.50.
- For 2021, the ACT pessimistic market price forecast is $0.006.
We utilize data, price trends, ADX, and other information about ACT to evaluate the cryptocurrency’s future movement in ACT price forecast 2021.
Achain is a public blockchain platform that lets anybody build currencies, smart contracts, decentralized apps, and blockchain systems. Achain is working to create a worldwide blockchain network for the exchange of data and value transactions.
Achain’s Current Market Situation (ACT)
At the time of writing, the price of ACT was $0.013 with a 24-hour trading volume of $1,669,569, according to Coingecko. In the past 24 hours, however, ACT has risen to 0.24 percent.
Furthermore, there are 999,999,998 ACT coins in circulation. ACT now trades on KuCoin, OKEx, Huobi Global, BiONE, and HitBTC, among other cryptocurrency exchanges.
Price Prediction for Achain (ACT) in 2021
Achain (ACT) is currently ranked 1015th on Coingecko. The price of ACT in 2021 is forecasted using a daily time period, as shown below.
Horizontal Channel Trend in ACT/USDT (Image courtesy of Tradingview)
A rectangular pattern resembles a horizontal channel or sideways trend. At least four points of touch are present. This is because connecting two lows and two highs requires at least two lows and two highs. The price movement is moving sideways, with equal buying and selling forces. Traders may use a horizontal channel to pinpoint exact entry and exit locations for transactions.
ACT is now trading at $0.013. Following that, ACT may continue to increase in line with the general trend. With this trend, ACT may soon hit the $0.435 resistance level. If the trend continues, the price of ACT may drop below $0.0023.
Support and Resistance Level of Achain (ACT)
The chart below depicts Achain’s support and resistance levels (ACT).
Support and Resistance Levels in the ACT/USDT (Source: TradingView)
According to the aforementioned chart, the resistance and support levels for ACT are as follows.
- $0.030 is the first level of resistance.
- Level 2 Resistance – $0.128
- $0.435 is the third level of resistance.
- Level 1 Support – $0.006
- Level 2 Support – $0.002
Over the past month, the chart shows both bullish and bearish performance of ACT. However, this trend will eventually hit the $0.435 resistance level. If the trend were to reverse, ACT might fall below $0.0023, indicating a bearish indication.
Achain (ACT) is an acronym for Average Directional Index (ADX)
Let’s have a look at the Average Directional Index (ADI) of ACT (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of ACT is seen in the chart above, with a range of 82.84, indicating a very strong trend.
The ACT is a cryptocurrency that is ideal for long-term investment. According to the trend, the ACT price forecast will be positive. However, there’s a high possibility it’ll hit $0.435 this year. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the ACT ecosystem, the price of ACT is expected to increase to $0.435 in the near future. However, if investors think that ACT is a solid investment in 2021, it might reach $0.50.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
The aave price prediction 2021 is a question about whether or not Achain will hit $0.50 soon. This question is related to the cryptocurrency market, and the answer to this question is no.
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