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 $0.072.
  • Akropolis  prices might also reach $0.2 soon.
  • AKRO bearish market price prediction for 2021 is $0.027.

In Akropolis (AKRO) price prediction 2021, we use statistics, price patterns, RSI, 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 $0.03493 with a 24-hour trading volume of $19,494,206, at the time of writing. However, Akropolis has decreased by 1.51% 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 358th position on CoinGecko right now. Akropolis price prediction 2021 explained below with a daily time frame. 

AKRO/USDT Showing Descending Triangle Pattern (Source: TradingView)

The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern.

As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

Currently, AKRO is trading at $0.03493. After this, AKRO may continue to fall or rise according to the direction of breakout. With this pattern, AKRO might reach the resistance level at $0.059 soon, if the trend breaks out at $0.08. If the trend reverses, then the price of AKRO may fall to $0.013.

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 – $0.058
  • Next Resistance Level – $0.072
  • Support Level 1 – $0.027
  • Support Level 2 – $0.012

The chart depicts the bullish performance of Akropolis over the previous month. However, this trend will continue to reach a resistance level at $0.072 soon. Even more, if the trend reversed then Akropolis might fall to $0.012 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 39.89, so it indicates a strong trend. This shows that the price of ADX 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 $0.072 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 $0.1 very soon. But, it might also reach $0.2 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.