- Bullish CAS price prediction ranges from $0.047 to $0.21.
- The CAS price might also reach $0.080.
- CAS bearish market price prediction for 2021 is $0.027.
In CAS price prediction 2021, we use statistics, price patterns, ADX, and much other information about CAS to analyze the future movement of the cryptocurrency.
Cashaa remains the largest crypto-friendly neo-bank based in the UK, serving hundreds of crypto businesses worldwide. The Cashaa banking ecosystem is powered by CAS. As the Cashaa platform’s native coin, CAS provides a variety of benefits, including expedited application processing, reduced set up fees, lower international wire costs, exchange rebates, and transaction fees, as well as exclusive crypto-friendly banking services restricted to CAS holders.
Current Market Status of Cashaa (CAS)
According to Coingecko, the price of CAS is $0.029 with a 24-hour trading volume of $871,350 at the time of writing. However, CAS surged to 3.24% in the last 24 hours.
Moreover, CAS has a circulating supply of 813,989,875 CAS coins. Currently, CAS trades in cryptocurrency exchanges such as Binance DEX, KuCoin, MEXC, and Bitbns.
Cashaa (CAS) Price Prediction 2021
Cashaa (CAS) holds the 812th position on CoinGecko right now. CAS price prediction 2021 explained below with a daily time frame.
An ascending triangle is considered a continuation pattern, which means that it is significant whether it occurs during an uptrend or a downtrend. When the price breaks out of the triangle, traders tend to buy or sell the asset aggressively, depending on which direction the price broke out.
Currently, CAS is waving at $0.029. After this, CAS may continue to fall or rise according to the breakout. With this pattern, CAS will violate the upper trendline reaching $0.042 soon. If the trend reverses, then the price of CAS may fall to $0.027.
Cashaa (CAS) Support and Resistance Level
The below chart shows the support and resistance level of Cashaa (CAS).
From the above chart, it is observed that the following are the resistance and support level of CAS.
- Resistance Level 1 – $0.047
- Resistance Level 2 – $0.081
- Resistance Level 3 – $0.123
- Resistance Level 4 – $0.21
- Support Level 1 – $0.027
- Support Level 2 – $0.013
The chart depicts the bearish performance of CAS over the previous month. However, this trend will break out and reach the resistance level at $0.042. On the contrary, if the trend reversed then CAS might fall to $0.027 presenting a bearish signal.
Cashaa (CAS) Average Directional Index (ADX)
Let us now look at CAS’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 CAS with the range at 25.94, so it indicates a weak trend.
Conclusion
The CAS is one of the cryptos which is great for long-term investment. In addition, short-term CAS price prediction will be bullish, until the breakout. But, it has a good chance of reaching $0.042 this year. However, this will only happen if many previous psychological barriers are broken.
Furthermore, with the advancements and upgrades on the CAS ecosystem, the performance of CAS would rise reaching $0.042 very soon. But, it might also reach $0.080 if the investors believe that CAS 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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