Stafi Price Prediction 2021 — Will FIS Hit $10 Soon?

Stafi Price Prediction 2021 — Will FIS Hit $10 Soon?
  • Bullish FIS price prediction ranges from $3.4 to $5.5.
  • FIS price may also reach $10.
  • Bearish FIS price prediction for 2021 is $0.37.

This FIS Price Prediction 2021 article is based on technical analysis alone. In this article, you can see the key measures that were taken into consideration upon coming up with our FIS price analysis and prediction.

Stafi is a DeFi protocol that aims to unlock liquidity of staked assets. STAFI Protocol solves the contradiction between token liquidity and Mainnet security by providing ABT tokens, which gives the liquidity of your Staking Assets. 

Moreover, with these recent developments, FIS is a good investment in 2021? Let’s find out in this FIS price analysis 2021 article.

Stafi (FIS) Price Analysis

Currently, FIS holds 466th place on CoinGecko. But will the recent changes in the blockchain and its governance help catapult the price to reach higher? Let’s proceed to the charts in this FIS price prediction article.

FIS/USDT Price Chart Showing Descending Scallop Pattern (Source: TradingView)

In the daily time frame chart above, we can see the Descending Scallop pattern. Normally, this pattern is succeeded by a downtrend position but in some cases the pattern can change and move into an uptrend position. More so, in this chart above the pattern took more than a month for the formation to take place.

FIS/USDT RSI (Source: TradingView)

Meanwhile, the relative strength index (RSI) of the FIS is at its neutral state. This means neither oversold nor overbought condition. For this reason, traders must be careful because FIS might trigger a price reversal any time, as shown in this price prediction.

According to CoinGecko, the  FIS  price is $2.46, at the time of writing. Furthermore,  FIS has an average daily trading volume of over $5,374,401.

FISUSDT Price Chart (Source: TradingView)
  • Resistance Level 1 – $3.48
  • Resistance Level 2 – $4.5
  • Next Resistance Level – $5.53
  • Support Level 1 – $02.449
  • Support Level 2 – $1.416

The above chart shows the impressive performance of  FIS in the last few days. FIS  is showing a bullish trend. However, if the trend continues, FIS will run along with the bulls, overtaking the resistance level at $3.4 and climb higher to $5.5.

In contrast, if the crypto investors turn against the cryptocurrency, the bears might take over. More so, the  FIS  price might plummet to almost $0.37, a bearish signal. Even more, it may even reach $10 if investors have decided that FIS is a good investment in 2021.

Furthermore, the project seems promising. Moreover, it has high goals, clear ideas, and a use case that target a broad market. Along with increasing adoption, positive price predictions, and a community consists of thousands of retailers, FIS is likely a promising investment for 2021.

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

Recommended for You

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.