StormX Price Prediction 2021 – Will STMX Hit $0.3 Soon?

StormX Price Prediction 2021 - Will STMX Hit $0.3 Soon?
  • Bullish STMX price prediction ranges from $0.033 to $0.263.
  • STMX price might also reach $0.3 soon.
  • STMX bearish market price prediction for 2021 is $0.006.

In StormX (STMX) price prediction 2021, we use statistics, price patterns, RSI, and much other information about STMX to analyze the future movement of the cryptocurrency.

StormX(STMX) is one of the first global cryptocurrency-based solutions to reach worldwide markets. StormX allows users to stake the native STMX token to boost their rewards. StormX is the first crypto cashback solution that enables users to earn rewards and cashback for their fiat purchases.

According to CoinGecko, the StormX (STMX) price is trading at $0.03058 with a 24-hour trading volume of $55,435,748, at the time of writing. However, STMX has decreased by 3.47% in the last 24 hours.

Moreover, STMX has a circulating supply of 10.00B STMX. Currently, STMX trades in cryptocurrency exchanges such as  Binance, FTX, Upbit, Hotcoin Global, and HitBTC.

StormX (STMX) Price Prediction 2021

StormX (STMX) holds the 195th position on CoinGecko right now. STMX price prediction 2021 is explained below with a weekly time frame.

STMX/USDT Price Chart weekly Time Frame (Source: TradingView)

A triangle is a continuation pattern on a chart that forms a triangle-like shape. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.  It is depicted by drawing trendlines along a converging price range, that can notes pause in the prevailing trend.

In the weekly time frame chart, it is possible for the STMX to reach $0.11 if the bull trend continues. Or else, if the price of the STMX breaks the breakout point at  $10.031, it will fall to the support level at $0.011. So, the trend of the STMX is based on the breakout.

StormX (STMX) Support and Resistance Level

The below chart shows the support and resistance level of STMX.

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

From the above weekly time frames, it is clear the following are the resistance and support levels of STMX.

  • Resistance Level 1 – $0.033
  • Resistance Level 2 – $0.079
  • Resistance Level 3 – $0.263
  • Support Level 1 – $0.015
  • Support Level 2 – $0.006

The charts show that STMX has performed a bullish trend over the past month. If this trend continues, STMX might run along with the bulls overtaking its resistance level at $0.263.

Conversely, if the investors turn against the crypto, the price of STMX might plummet to almost $0.006, a bearish signal.

StormX (STMX) Average Directional Index (ADX)

Now let’s look at the average directional index (ADX) of STMX. Generally, the Average Direction Index (ADX) helps traders determine the strength of a trend, rather than its actual direction. It can used to determine whether the market is changing or a new trend is starting. It is associated with the Directional Movement Index (DMI) and basically includes the ADX line. 

The range of the oscillator is from 0 to 100. A high value indicates a strong trend, and a low value indicates a weak trend. It is often combined with directional indicators. 

STMX/USDT ADX(Source: TradingView)

The above chart shows the ADX of STMX stays above the range of 68.79226, so it indicates a very strong trend.

Conclusion

The STMX is one of the cryptos that keeps its ground against the bearish market. Furthermore, our long-term STMX price prediction for 2021 is bullish. It has a huge possibility of overtaking its current all-time-high (ATH) of $0.165032 this year. However, this will only happen if it breaks many past psychological resistances.

Furthermore, with the ongoing developments and upgrades within the STMX ecosystem, it could experience a great future ahead in 2021. It may reach $0.263 soon and it might even reach high heights, however reaching $0.3, if investors have planned that STMX is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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