- Bullish ALPHA price prediction ranges from $0.865 to $1.54.
- ALPHA price might also reach $2.9 soon.
- ALPHA bearish market price prediction for 2021 is $0.15.
In Alpha Finance Lab (ALPHA) price prediction 2021, we use statistics, price patterns, ADX, and much other information about ALPHA to analyze the future movement of the cryptocurrency.
Alpha Finance Lab is a cross-chain DeFi platform that looks to bring alpha to users across a variety of different blockchains, that includes Binance Smart Chain (BSC) and Ethereum. ALPHA is the native utility token of Alpha Finance Lab. ALPHA token holders can earn a share of network fees by staking ALPHA tokens to cover any default loans. ALPHA is backed by one of the most robust and secure blockchain networks in popular usage.
According to CoinGecko, the Alpha Finance Lab (ALPHA) price is trading at $0.87 with a 24-hour trading volume of $34,412,008, at the time of writing. However, ALPHA has increased by 8.5% in the last 24 hours.
Moreover, ALPHA has a circulating supply of 406,330,126 ALPHA. Currently, ALPHA trades in cryptocurrency exchanges such as Binance, OKEx, Tokocrypto, FTX, and CoinTiger.
Alpha Finance Lab (ALPHA) Price Prediction 2021
Alpha Finance Lab (ALPHA) holds the 174th position on CoinGecko right now. ALPHA price prediction 2021 is explained below with a two hour time frame.
A descending triangle is a bearish chart pattern that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. It is a sign for traders in a short position to accelerate a breakdown. Among the traders descending triangle is a very popular chart pattern because it clearly shows the demand for an asset.
In the above time frame chart, it is possible for the ALPHA to reach $1.106 if the bull trend continues. Or else, if the price of the ALPHA breaks the resistance level of $0.865, it will fall to the support level at $0.803. So, the trend of the ALPHA is based on the breakout.
Alpha Finance Lab (ALPHA) Support and Resistance Level
The below chart shows the support and resistance level of ALPHA.
From the above weekly time frame, it is clear the following are the resistance and support levels of ALPHA.
- Resistance Level 1 – $1.54
- Resistance Level 2 – $2.89
- Support Level 1 – $0.62
- Support Level 2 – $0.3
- Support Level 3 – $0.15
The charts show that ALPHA has performed a bullish trend over the past month. If this trend continues, ALPHA might run along with the bulls overtaking its resistance level at $2.89.
Conversely, if the investors turn against the crypto, the price of ALPHA might plummet to almost $0.15, a bearish signal.
Alpha Finance Lab (ALPHA) Average Directional Index (ADX)
Now let’s look at the average directional index (ADX) of ALPHA. Generally, the Average Direction Index (ADX) helps traders determine the strength of a trend, rather than its actual direction. It can used to determine whether the market is changing or a new trend is starting. It is associated with the Directional Movement Index (DMI) and basically includes the ADX line.
The range of the oscillator is from 0 to 100. A high value indicates a strong trend, and a low value indicates a weak trend. It is often combined with directional indicators.
The above chart shows the ADX of ALPHA stays above the range of 27.21, so it indicates a strong trend.
Conclusion
The ALPHA is one of the cryptos that keeps its ground against the bearish market. Furthermore, our long-term ALPHA price prediction for 2021 is bullish. It has a huge possibility of overtaking its current all-time-high (ATH) of $2.93 this year. However, this will only happen if it breaks many past psychological resistances.
Furthermore, with the ongoing developments and upgrades within the ALPHA ecosystem, it could experience a great future ahead in 2021. It may reach $1.54 soon and it might even reach high heights, however reaching $2.9, if investors have planned that ALPHA 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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