- Bullish AION price prediction ranges from $0.25 to $0.56.
- The AION price might also reach $0.80.
- AION bearish market price prediction for 2021 is $0.15.
In AION price prediction 2021, we use statistics, price patterns, ADX, and much other information about AION to analyze the future movement of the cryptocurrency.
Aion is a multi-tier blockchain platform designed for blockchain interconnection. AION tokens are used to launch new blockchains, monetize inter-chain bridges, and secure the network as a whole. Nuco, which was founded in the spring of 2016, created AION.
Aion has a fortune system that offers members of the community for providing technical support, documentation, and other assistance. Currently, AION is mined using a modified Equihash Proof-of-Work mining algorithm.
Current Market Status of Aion (AION)
According to Coingecko, the price of Aion is $0.198 with a 24-hour trading volume of $14,426,731 at the time of writing. However, AION surged to 4.06% in the last 24 hours.
Moreover, AION has a circulating supply of 494,841,926 AION coins. Currently, AION trades in cryptocurrency exchanges such as Binance, BiONE, KuCoin, Bitrue, and Pionex.
Aion (AION) Price Prediction 2021
Aion (AION) holds the 398th position on CoinGecko right now. AION price prediction 2021 explained below with a daily time frame.
The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is a bullish chart formation, but it can also indicate reversal or continuation patterns depending on where it appears in the trend.
Currently, AION is waving at $0.198. After this, AION would continue to follow the pattern where the price chart would show uptrend. Moreover, the price of AION will breakout at $0.20 and might reach the resistance level to $0.64. If the trend reverses, then the price of AION may fall to $0.15.
Aion (AION) Support and Resistance Level
The below chart shows the support and resistance level of Aion (AION).
From the above chart, it is observed that the following are the resistance and support levels of AION.
- Resistance Level 1 – $0.25
- Resistance Level 2 – $0.38
- Resistance Level 3 – $0.56
- Support Level 1 – $0.15
- Support Level 2 – $0.09
- Support Level 3 – $0.06
The chart depicts the bearish performance of AION over the previous month. However, AION will follow a bullish pattern and will rise. On the contrary, if the trend reversed then AION might fall to $0.15 presenting a bearish signal.
Aion (AION) Average Directional Index (ADX)
Let us now look at AION’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.
The above chart represents the ADX of AION lies in the range at 45.07, so it indicates a strong trend.
Conclusion
The AION is one of the cryptos which is great for long-term investment. In addition, AION price prediction is bullish for a short-term. It has a good chance of reaching $0.64 within the end of this year. However, this will only happen if many previous psychological barriers are broken.
Furthermore, with the advancements and upgrades on the AION ecosystem, the performance of AION would rise reaching $0.64 very soon. But, it might also reach $0.80 if the investors believe that AION 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.
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