Stratis Price Prediction – How Much Will STRAX Be Worth in 2021?

Stratis Price Prediction – How Much Will STRAX Be Worth in 2021?
  • Bullish STRAX price prediction ranges from $1.91 to $4.25.
  • The STRAX price might also reach $4.59.
  • STRAX bearish market price prediction for 2021 is $0.37.

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

Stratis is a blockchain service platform that provides companies with a variety of products and services, including the introduction of private sidechains, the introduction of full nodes, the development and implementation of smart contracts, an initial coin issuance platform, and identity verification applications. Its native coin is STRAX.

Current Market Status of Stratis (STRAX)

According to Coingecko, the price of STRAX is $2.28 with a 24-hour trading volume of $24,939,436 at the time of writing. However, STRAX has increased by 1.2% in the last 24 hours.

Moreover, STRAX has a circulating supply of 100,074,480 STRAX coins. Currently, STRAX trades in cryptocurrency exchanges such as Binance, Upbit, Gate.io, Bithumb, and Uniswap (V3).

Stratis (STRAX) Price Prediction 2021

Stratis (STRAX) holds the 227th position on CoinGecko right now. STRAX price prediction 2021 explained below with a daily time frame.  

STRAX/USDT Ascending Wedge Pattern (Source: Tradingview)

The Ascending wedge pattern is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. This pattern can be one of the most difficult patterns to accurately recognize and trade.

Currently, STRAX is trading at $2.28. After this, STRAX may continue to fall or rise according to the direction of breakout. With this pattern, STRAX might reach the resistance level at $4.25 soon, if the trend breaks out at $1.19. If the trend reverses, then the price of STRAX may fall to $0.86.

Stratis (STRAX) Support and Resistance Level

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

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

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

  • Resistance Level 1 – $1.91
  • Resistance Level 2 – $2.85
  • Resistance Level 3 – $4.59
  • Support Level 1 – $1.07
  • Support Level 2 – $0.69
  • Support Level 3 – $0.37

The chart depicts the bearish performance of STRAX over the previous month. However, this trend will continue to reach resistance level at $4.59 soon. On the contrary, if the trend reversed then STRAX might fall to $0.37 presenting a bearish signal.

Stratis (STRAX) Average Directional Index (ADX)

Let us now look at STRAX’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 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 frequently combined with directional indicators.

STRAX/USDT ADX (Source:TradingView)

The above chart represents the ADX of STRAX with the range at 58.8, so it indicates a very strong trend.

Conclusion

The STRAX is one of the cryptos which is great for long-term investment. In addition, STRAX price prediction will be bearish or bullish, until the breakout direction is confirmed. But, it has a good chance of reaching $5 this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the STRAX ecosystem, the performance of STRAX would rise reaching $4.25 very soon. But, it might also reach $4.59 if the investors believe that STRAX 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.

Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.