StarCash Network Price Prediction 2021 — Will STRAX Hit $10 Soon?

StarCash Network Price Prediction 2021 — Will STRAX Hit $10 Soon?
  • Bullish STARX price prediction ranges from $2.4 to $4.
  • STARX price may also reach $10 if it exceeds $4 soon.
  • Bearish STARX price prediction for 2021 is $0.243.

Stratis is a blockchain-as-a-service firm that provides several products and services for enterprises, including launching private sidechains, running full nodes, developing and deploying smart contracts, an ICO platform, and a proof-of-identity application. The firm also provides cryptocurrency wallets and blockchain consulting services.

Recently, STARX partners with the world’s largest .NET development community. However, this may lead to price surge of the cryptocurrency.

For interested crypto traders, the crypto trades at exchanges such as Binance, Upbit, Bithumb, Gate.io, and Bittrex. 

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

StarCash Network (STARX) Price Analysis

Currently, STARX holds the 253rd 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  STARX price prediction article.

STARX/USDT Price Chart Showing Ascending Scallop Pattern (Source: TradingView)

In the monthly time frame chart above, we can see the Ascending Scallop pattern. Usually this is succeeded by an uptrend. However, the pattern can also move into a downtrend. More so, this pattern took a month for the formation to occur.

STARX /USDT RSI (Source: TradingView)

Meanwhile, the relative strength index (RSI) of the STARX is already at its overbought state. For this reason, traders must be careful because STARX might trigger a price reversal any time, as shown in this Power Ledger price prediction.

According to CoinGecko, the STARX price is $0.55, at the time of writing. In terms of market position, the market capitalization of STARX amounts to almost $245,602,133. Furthermore, STARX has an average daily trading volume of over $38,839,662.

STARX/USDT Price Chart (Source: TradingView)
  • Resistance Level 1 – $2.43
  • Resistance Level 2 – $3.21
  • Next Resistance Level – $4.06
  • Support Level 1 – $1.608
  • Support Level 2 – $0.759

The above chart shows the impressive performance of STARX in the last few days.  STARX  is showing a bullish trend. However, if the trend continues,  STARX will run along with the bulls, overtaking its $3.21 resistance level and climb higher to $4.06.

In contrast, if the crypto investors turn against the cryptocurrency, the bears might take over. More so, the STARX price might plummet to almost $0.759, a bearish signal. Even more, it may even reach $10 if investors have decided that STARX is a good investment in 2021.

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

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

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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.