Pundi X[new] Price Prediction 2021 – Will PUNDIX Hit $4 Soon?

Pundi X[new] Price Prediction 2021 - Will PUNDIX Hit $4 Soon?
  • Bullish PUNDIX price prediction ranges from $2.07 to $3.60.
  • The PUNDIX price might also reach $4.
  • PUNDIX bearish market price prediction for 2021 is $1.20.

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

Pundi X is a pioneering blockchain-powered device developer with the goal of transforming retail businesses with its blockchain-based point of sale solution. On its blockchain, the solution enables retail merchants and consumers to conduct instantaneous in-store transactions.

Current Market Status of Pundi X[new] (PUNDIX)

According to Coingecko, the price of PUNDIX is $1.63 with a 24-hour trading volume of $41,785,439 at the time of writing. However, PUNDIX dropped to 4.12% in the last 24 hours.

Moreover, PUNDIX has a circulating supply of 258,491,637 PUNDIX. Currently, PUNDIX trades in cryptocurrency exchanges such as Binance, FTX, Upbit, KuCoin, and Bitrue. 

Pundi X[new] (PUNDIX) Price Prediction 2021

Pundi X[new] (PUNDIX) holds the 151st position on CoinGecko right now. Pundi X[new] price prediction 2021 explained below with a daily time frame. 

PUNDIX/USDT Higher High and Higher Low Pattern (Source: Tradingview)

When the peaks and troughs on a chart ascend, an uptrend is occurring. Prices in that uptrend can be seen as higher highs and higher lows. Prices from the previous period that were seen as highs are now even higher than they were before the uptrend began.

Not only do the highs finish higher, but the lows from a previous period of time gain value and end up being higher than before. This indicates to a trader that prices are rising and the overall value is rising, indicating that it is time to sell and make a profit before a downtrend occurs.

Currently, PUNDIX is waving at $1.63. After this, PUNDIX may continue to fall according to the higher high and higher low pattern. With this pattern, PUNDIX might reach the resistance level at $2.26 soon. If the trend reverses, then the price of PUNDIX may fall to $1.54.

Pundi X[new] (PUNDIX) Support and Resistance Level

The below chart shows the support and resistance level of Pundi X[new] (PUNDIX). 

PUNDIX/USDT Support and Resistance Level (Source: Tradingview)

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

  • Resistance Level 1 – $2.07
  • Resistance Level 2 – $2.70
  • Resistance Level 3 – $3.60
  • Support Level 1 – $1.20
  • Support Level 2 – $0.59

The chart depicts the bullish performance of PUNDIX over the previous month. However, this trend will continue to reach resistance level at $2.26 soon. On the contrary, if the trend reversed then PUNDIX might fall to $1.54 presenting a bearish signal.

Pundi X[new] (PUNDIX) Average Directional Index (ADX)

Let us now look at PUNDIX’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.

PUNDIX/USDT ADX (Source:TradingView)

The above chart represents the ADX of PUNDIX with the range at 50.54, so it indicates a strong trend.

Conclusion

The Pundi X[new] is one of the cryptos which is great for long-term investment. In addition, PUNDIX price prediction will be bullish for a short-term period. It has a good chance of reaching $2.26 this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the PUNDIX ecosystem, the performance of PUNDIX would rise reaching $2.26 very soon. But, it might also reach $4 if the investors believe that PUNDIX 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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