HedgeTrade Price Prediction 2021 – Will HEDG Hit $3 Soon?

HedgeTrade Price Prediction 2021 - Will HEDG Hit $3 Soon?
  • Bullish HEDG price prediction ranges from $1.30 to $2.51.
  • The HEDG price might also reach $3.
  • HEDG bearish market price prediction for 2021 is $0.71.

In HEDG price prediction 2021, we use statistics, price patterns, ADX, and much other information about HEDG to analyze the future movement of the cryptocurrency

Hedge Coin, the platform’s currency, aims to use Blockchain technology to bring new innovations to the field of social investment. According to Hedge Trades manifesto, the platform is designed so that all users can act as global standard investors.

Users of HedgeTrade have the freedom to use this platform easily, whether they are a professional investors or a new investors. Furthermore, there is no requirement to use a special device on the platform. HedgeTrade is simple to use on any device.

Current Market Status of HedgeTrade (HEDG)

According to Coingecko, the price of HEDG is $0.977 with a 24-hour trading volume of $93,771.04 at the time of writing. However, HEDG surged to 1.61% in the last 24 hours.

Moreover, HEDG has a circulating supply of 348,731,468 HEDG coins. Currently, HEDG trades in cryptocurrency exchanges such as CoinTiger, Bitcoin.com Exchange, ProBit Global, and Bittrex.

HedgeTrade (HEDG) Price Prediction 2021

Hedge (HEDG) holds the 58th position on CoinGecko right now. HEDG price prediction 2021 explained below with a daily time frame. 

HEDG/USDT Ascending Triangle Pattern (Source: Tradingview)

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, HEDG is waving at $0.977. After this, HEDG may continue to fall or rise according to the breakout. With this pattern, HEDG will violate the upper trendline reaching $2.90 soon. If the trend reverses, then the price of HEDG may fall to $0.73.

HedgeTrade (HEDG) Support and Resistance Level

The below chart shows the support and resistance level of Hedge (HEDG). 

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

From the above chart, it is observed that the following are the resistance and support level of HEDG.

  • Resistance Level 1 – $1.30
  • Resistance Level 2 – $2.25
  • Resistance Level 3 – $3.51
  • Support Level 1 – $0.71
  • Support Level 2 – $0.35

The chart depicts the both bullish and bearish performance of HEDG over the previous month. However, this trend will break out and reach the resistance level at $2.90. On the contrary, if the trend reversed then HEDG might fall to $0.73 presenting a bearish signal.

HedgeTrade (HEDG) Average Directional Index (ADX)

Let us now look at HEDG’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.

HEDG/USDT ADX (Source:TradingView)

The above chart represents the ADX of HEDG with the range at 19.39, so it indicates a weak trend.

Conclusion

The HEDG is one of the cryptos which is great for long-term investment. In addition, short-term HEDG price prediction will be bullish, until the breakout. But, it has a good chance of reaching $2.90 this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the HEDG ecosystem, the performance of HEDG would rise reaching $2.90 very soon. But, it might also reach $3 if the investors believe that HEDG 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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