Everipedia (IQ) Price Prediction 2021 – Will IQ Hit $0.04 soon?

Everipedia (IQ) Price Prediction 2021 – Will IQ Hit $0.04 soon?
  • Bullish Everipedia IQ price prediction ranges from $0.01 to $0.02.
  • The IQ price might also reach $0.04 soon.
  • IQ bearish market price prediction for 2021 is $0.005.

In Everipedia (IQ) price prediction 2021, we use statistics, price analysis, RSI, and much other information about IQ to analyze the future movement of the cryptocurrency.

Everipedia is a decentralized knowledge base and decentralized finance (DeFi) platform that includes a prediction market, money market, and synthetic belonging system. Everipedia token IQ powers all applications and is used for governance of the system.

According to CoinGecko, the IQ price is trading at $0.008822 with a 24-hour trading volume of $15,919,973, at the time of writing. However, IQ has decreased by 13.67% in the last 24 hours.

Moreover, IQ has a circulating supply of 10.01B IQ. Currently, IQ trades in cryptocurrency exchanges such as Binance, OKEx, Upbit, Bitfinex, and Hoo.

Everipedia IQ Price Prediction 2021

Everipedia (IQ) holds the 161st position CoinGecko right now. Everipedia IQ price prediction 2021 is explained below with a daily tie frame.

IQ/USDT Price Chart DailyTime Frame (Source: TradingView)

The above chart displays a channel trend pattern. This pattern is a combination of two lines that are parallel to each other and in combination, these two lines look like a channel when placed on the price chart. If the price channel direction is in the upward direction it is said to Bullish Price Channel. When it is downward then it is said to be Bearish Price Channel.

In the daily time frame chart, if the price of the IQ breaks the resistance level of $0.025, it will reach the target of $0.038. Or else, if the price of the IQ breaks the support level of $0.0072, it will fall to the next support level at $0.0056. So, the trend of the IQ is based on the breakout.

IQ Support and Resistance Level

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

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

From the above daily time frames, it is clear the following are the resistance and support levels of IQ.

  • Resistance Level 1 – $0.01082
  • Resistance Level 2 – $0.01513
  • Resistance Level 3 – $0.02020
  • Resistance Level 4 – $0.02536
  • Support Level 1 – $0.00727
  • Support Level 2 – $0.00567

The chart shows that IQ coin has performed a bullish trend over the past month. If this trend continues, IQ might run along with the bulls overtaking its resistance level at $0.01082

Conversely, if the investors turn against the crypto, the price of IQ might plummet to almost $0.0056, a bearish signal.

Everipedia (IQ) Average Directional Index (ADX)

Now let’s look at the average directional index (ADX) of KEY. Generally, the Average Directional Index (ADX) helps crypto traders identify the strength of a trend, instead of its actual direction. It can use to check whether the market is changing or it initiating a new trend. It associated with the Directional Movement Index (DMI) and includes the ADX line.

The range of the oscillator is from 0 to 100. A high value represents a strong trend, and a low value represents a weak trend. It is often combined with the directional indicators.

IQ/USDT ADX(Source: TradingView)

The above charts show the ADX of IQ stays above the range of 26, so it indicates a strong trend. Major price reversal could happen soon.

Conclusion

The IQ is one of the cryptos that keeps its ground against the bearish market. Furthermore, our long-term IQ price prediction for 2021 is bullish. It has a huge possibility of overtaking its current all-time high of $0.072 this year. However, this happens only if it breaks many past psychological resistances.

Furthermore, with the ongoing developments and upgrades within the IQ ecosystem, it could experience a great future ahead in 2021. It may reach $0.03 soon and it might even reach high heights, however reaching $0.04, if investors have planned that IQ 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.

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.