Akropolis Price Prediction – How Much Will AKRO Be Worth in 2021?

Akropolis Price Prediction – How Much Will AKRO Be Worth in 2021?
  • Bullish Akropolis  price prediction ranges from $0.042 to $0.088.
  • Akropolis  prices might also reach $0.09 soon.
  • AKRO bearish market price prediction for 2021 is $0.008.

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

Akropolis is a firm that works as an Ethereum blockchain-based decentralized finance protocol which seeks to offer an autonomous financial environment inorder to save and grow wealth, which includes borrowing and lending. Moreover, AKRO provides a series of products that includes AkropolisOS, which is a framework for enabling for-profit decentralized autonomous organizations, Sparta, which is a platform for uncollateralized lending, and Delphi, a yield farming aggregator and tool for dollar-cost averaging. 

Let us see about the Akropolis price prediction 2021.

Current Market Status of Akropolis (AKRO) 

According to CoinGecko, the Akropolis price is trading at $0.023 with a 24-hour trading volume of $13,795,780, at the time of writing. However, Akropolis has decreased by 5.2% in the last 24 hours.

Currently, Akropolis trades in cryptocurrency exchanges such as Binance, Hotcoin Global, CoinTiger, FTX, and Huobi Global. 

Akropolis (AKRO) Price Prediction 2021

Akropolis (AKRO) holds the 501th position on CoinGecko right now. Akropolis price prediction 2021 explained below with a weekly time frame. 

AKRO/USDT Showing Triangle Pattern (Source: TradingView)

A symmetrical triangle is made of a downward diagonal upward trend line and an upward diagonal downward trend line. When there is a price increase, it will inevitably break through the upper trend line to break, and in an uptrend, the price will increase or break. A lower trend line develops a breakthrough and a downward trend in which prices drop.

Currently, AKRO is trading at $0.02. After this, AKRO may continue to rise according to the trend. With this pattern, AKRO might reach the resistance level at $0.088 soon. If the trend reverses, then the price of AKRO may fall to $0.008.

Akropolis (AKRO) Support and Resistance Level

The below chart shows the support and resistance level of Akropolis (AKRO). 

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

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

  • Resistance Level 1 – $0.042
  • Resistance Level 2 – $0.088
  • Support Level 1 – $0.02
  • Support Level 2 – $0.013
  • Support Level 3 – $0.008

The chart depicts the bullish performance of Akropolis over the previous month. However, this trend will continue to reach a resistance level at $0.088 soon. Even more, if the trend reversed then Akropolis might fall to $0.008 presenting a bearish signal.

Akropolis (AKRO) Average Directional Index (ADX)

Let us now look at Reserve Rights’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.

   AKRO/USDT ADX (Source: TradingView)

The above chart represents the ADX of Akropolis. Currently, Akropolis lies in the range at 34.18, so it indicates a strong trend. This shows that the price of AKRO can go bullish in the future.

Conclusion

Akropolis is one of the cryptos which is great for long-term investment. In addition, Akropolis price prediction is bullish for a short-term. It has a good chance of reaching $0.08 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 Akropolis ecosystem, the performance of Akropolis would rise, reaching $0.042 very soon. But, it might also reach $0.09 if the investors believe that Akropolis is a good investment in 2021.

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

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.