Altcoin NewsPrice Prediction

Mithril Price Prediction: Will MITH Reach a New ATH Soon?

  • Mithril (MITH) is an Ethereum blockchain-based crypto platform.
  • If the bullish trend continues, the MITH can surge over its all-time high price of $1.55.
  • RSI is already in its oversold state.

Mithril (MITH) is an Ethereum blockchain-based crypto platform. However, the cryptocurrency reached its new ATH of $1.55 on April 26, 2018.

However, Mithril is a decentralized social media platform on the Ethereum blockchain that rewards users for creating content. More so, the team plans to partner with existing social platforms to drive the adoption of its ERC-20 MITH token. In addition to storing funds, the Mithril Vault wallet can be used for staking and swapping into other currencies.

MITH Price Prediction

According to CoinGecko, the MITH price is $0.023, at the time of writing.

MITH/USDT Price Chart (Source: TradingView)
  • Resistance Level 1 – $0.029
  • Resistance Level 2 – $0.041
  • Support Level 1 – $0.014

The above chart shows the great performance of MITH over the past few days. Moreover, MITH shows a bullish trend. However, if the trend continues reaching the breakout level of $0.029. MITH will run along with the bulls, overtaking its $0.035 resistance level and climb higher to $0.041. 

If the bullish trend continues, the MITH can surge over its all-time high price of $1.55. In contrast, if the investors turn against the cryptocurrency, the bears might take over. More so, the MITH price might plummet to almost $0.014, a bearish signal.

Meanwhile, the Relative Strength Index (RSI) is already in its oversold state. Also, the volume trend is low, since few investors are putting only a little money at risk. Furthermore, traders need to be careful since the cryptocurrency might trigger a major price reversal. 

Disclaimer: The opinion expressed in this chart solely the authors. It is not interpreted as investment advice.

The News Crypto Staff

The News Crypto is a group of crypto journalists writing about the latest happenings in the crypto and blockchain industry.

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