Achain Price Prediction 2021 – Will ACT Hit $0.50 Soon?

Achain Price Prediction 2021 - Will ACT Hit $0.50 Soon?
  • Bullish ACT price prediction ranges from $0.030 to $0.435.
  • The ACT price might also reach $0.50.
  • ACT bearish market price prediction for 2021 is $0.006.

In ACT price prediction 2021, we use statistics, price patterns, ADX, and much other information about ACT to analyze the future movement of the cryptocurrency. 

Achain is a public blockchain platform that allows developers of all skill levels to create tokens, smart contracts, decentralized applications, and blockchain systems. Achain is dedicated to establishing a global blockchain network for the exchange of information and value transactions.

Current Market Status of Achain (ACT)

According to Coingecko, the price of ACT is $0.013 with a 24-hour trading volume of $1,669,569 at the time of writing. However, ACT surged to 0.24% in the last 24 hours.

Moreover, ACT has a circulating supply of 999,999,998 ACT coins. Currently, ACT trades in cryptocurrency exchanges such as KuCoin, OKEx, Huobi Global, BiONE and HitBTC. 

Achain (ACT) Price Prediction 2021

Achain (ACT) holds the 1015th position on Coingecko right now. ACT price prediction 2021 explained below with a daily time frame. 

ACT/USDT Horizontal Channel Trend (Source: Tradingview)

A horizontal channel or sideways trend resembles a rectangle pattern. It has at least four points of contact. This is due to the fact that it requires at least two lows and two highs to connect. The buying and selling pressures are equal, and the price action is trending sideways. A horizontal channel provides traders with precise entry and exit points for trades.

Currently, ACT is trading at $0.013. After this, ACT may continue to rise according to the trend. With this pattern, ACT might reach the resistance level at $0.435 soon. If the trend reverses, then the price of ACT may fall to $0.0023.

Achain (ACT) Support and Resistance Level

The below chart shows the support and resistance level of Achain (ACT). 

ACT/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is observed that the following are the resistance and support level of ACT.

  • Resistance Level 1 – $0.030
  • Resistance Level 2 – $0.128
  • Resistance Level 3 – $0.435
  • Support Level 1 – $0.006
  • Support Level 2 – $0.002

The chart depicts both bullish and bearish performance of ACT over the previous month. However, this trend will continue to reach resistance level at $0.435 soon. On the contrary, if the trend reversed then ACT might fall to $0.0023 presenting a bearish signal.

Achain (ACT) Average Directional Index (ADX)

Let us now look at ACT’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

ACT/USDT ADX (Source:TradingView)

The above chart represents the ADX of ACT with the range at 82.84, so it indicates a very strong trend.

Conclusion

The ACT is one of the cryptos which is great for long-term investment. In addition, ACT price prediction will be bullish, according to the pattern. But, it has a good chance of reaching $0.435 this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the ACT ecosystem, the performance of ACT would rise reaching $0.435 very soon. But, it might also reach $0.50 if the investors believe that ACT is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto.