Badger DAO Price Prediction – How Much Will BADGER Be Worth in 2021?

Badger DAO Price Prediction – How Much Will BADGER Be Worth in 2021?
  • Bullish BADGER price prediction ranges from $26.6 to $32.16.
  • The BADGER price might also reach $33.3.
  • BADGER bearish market price prediction for 2021 is $15.13.

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

Badger DAO is an open source decentralized automation organization dedicated to building products and infrastructure to make it easier to use Bitcoin (BTC) as collateral across multiple smart contract platforms. The platform is a shared space where developers known as Badge Builders have the opportunity to collaborate and deploy Bitcoin as collateral for as many blockchains as possible.

Current Market Status of Badger DAO (BADGER)

According to Coingecko, the price of BADGER is $22.88 with a 24-hour trading volume of $15,892,904 at the time of writing. However, BADGER has decreased by 7.1% in the last 24 hours.

Moreover, BADGER has a circulating supply of 9,458,312 BADGER coins. Currently, BADGER trades in cryptocurrency exchanges such as Binance, Hotcoin Global, OKEx, FTX, and Huobi Global.

Badger DAO (BADGER) Price Prediction 2021

Badger DAO holds the 241th position on CoinGecko right now. The price prediction of BADGER explained below with a daily time frame. 

BADGER/USDT Triangle Pattern (Source: TradingView)

A triangle pattern is a consolidation pattern that occurs mid-trend and usually signals a continuation of the existing trend. The triangle chart pattern is formed by drawing two converging trendlines as price temporarily moves in a sideways direction. Triangle provides an effective measuring technique for trading the breakout. 

Currently, BADGER is waving at $24.12. After this, BADGER would continue to follow the pattern where the price chart would show an uptrend. Moreover, the price of BADGER will breakout at $26.6 and might reach the resistance level to $33.3. If the trend reverses, then the price of BADGER may fall to $21.96.

Badger DAO (BADGER) Support and Resistance Level

The below chart shows the support and resistance level of BADGER. 

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

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

  • Resistance Level 1 – $26.26
  • Resistance Level 2 – $32.16
  • Support Level 1 – $21.32
  • Support Level 2 – $15.13

The chart depicts the bearish performance of BADGER over the previous month. However, BADGER will follow a bullish pattern and will rise. On the contrary, if the trend reversed then BADGER might fall to $15.13 presenting a bearish signal.

Badger DAO (BADGER) Average Directional Index (ADX)

Let us now look at BADGER’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 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.

BADGER/USDT ADX (Source:TradingView)

The above chart represents the ADX of BADGER lies in the range at 52.69, so it indicates a very strong trend.

Conclusion

The BADGER is one of the cryptos which is great for long-term investment. In addition, BADGER price prediction is bullish for a short-term. It has a good chance of reaching $89.08 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 BADGER ecosystem, the performance of BADGER would rise reaching $26.66 very soon. But, it might also reach $33.3 if the investors believe that BADGER 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.

Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.