Civic Price Prediction – How Much Will CVC Be Worth in 2021?

Civic Price Prediction – How Much Will CVC Be Worth in 2021?
  • Bullish CVC price prediction ranges from $0.37to $0.73.
  • CVC prices might also reach $0.78 soon.
  • CVC bearish market price prediction for 2021 is $0.03.

In Civic (CVC) price prediction 2021, we use statistics, price patterns, RSI, and much other information about CVC to analyze the future movement of the cryptocurrency

Civic is a blockchain-based identity management solution that provides individuals and companies with the tools they need to control and protect personally identifiable information. It aims to change the way we think about identity verification by giving users more control over their personal data, giving them access to a wide range of services without having to provide too much personal information.

Current Market Status of Civic (CVC)

According to CoinGecko, the Civic price is trading at $0.336 with a 24-hour trading volume of $39,783,890, at the time of writing. However, CVC has decreased by 1.9% in the last 24 hours. 

Moreover, CVC has a circulating supply of 670,000,000 CVC. Currently, Civic trades in cryptocurrency exchanges such as Binance, OKEx, Huobi Global, Upbit, and ZT.

Civic (CVC) Price Prediction 2021

Civic (CVC) holds the 239th position on CoinGecko right now. CVC price prediction 2021 explained below with a weekly time frame. 

CVC/USDT Triangle Pattern (Source: TradingView)

A triangle pattern 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, CVC is waving at $0.31. If the bullish trend continues, CVC will follow the pattern where the price of CVC will reach $0.78 following the uptrend. In contrast, if the trend reverses, then the price of CVC might fall to $0.14.

Civic (CVC) Support and Resistance Level

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

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

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

  • Resistance Level 1 – $0.37
  • Resistance Level 2 – $0.73
  • Support Level 1 – $0.16
  • Support Level 2 – $0.07
  • Support Level 3 – $0.03

The chart depicts the bullish performance of Civic over the previous month. However, this trend will continue to reach a resistance level at $0.73 soon. Even more, if the trend is reversed then the CVC might fall to $0.03 presenting a bearish signal.

Civic (CVC) Average Directional Index (ADX)

Let us now look at CVC’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 frequently combined with directional indicators.

   CVC/USDT ADX (Source: TradingView)

The above chart represents the ADX of CVC. Currently, Civic lies in the range at 27.7, so it indicates a strong trend. This shows that the price of ADX can go bullish in the future.

Conclusion

The Civic is one of the cryptos which is great for long-term investment. In addition, CVC price prediction is bullish for the short-term. It has a good chance of reaching $1.35 by 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 Civic ecosystem, the performance of CVC would rise reaching $0.37 very soon. But, it might also reach $0.78 if the investors believe that CVC 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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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.