- Bullish SXP price prediction ranges from $2.47 to $4.56.
- SXP price might also reach $5.4 soon.
- SXP bearish market price prediction for 2021 is $1.33.
In Swipe (SXP) price prediction 2021, we use statistics, price patterns, ADX, and much other information about SXP to analyze the future movement of the cryptocurrency.
Swipe (SXP) builds a bridge between the fiat and cryptocurrency worlds with its API that is designed to create global payment cards powered by its native SXP token. Holders of SXP can use their tokens to cover transaction fees on the Swipe network, including transfers made through the Swipe Wallet and Swipe Visa Card.
According to CoinGecko, Swipe (SXP) price is trading at $2.28 with a 24-hour trading volume of $126,556,270, at the time of writing. However, SXP has increased by 7.3% in the last 24 hours.
Moreover, SXP has a circulating supply of 187,368,788 SXP. Currently, SXP trades in cryptocurrency exchanges such as Binance, Tokocrypto, CoinTiger, FTX, and Upbit.
Swipe (SXP) Price Prediction 2021
Swipe (SXP) holds the 156th position on CoinGecko right now. SXP price prediction 2021 is explained below with a daily time frame.
The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is a bullish chart formation, but it can also indicate reversal or continuation patterns depending on where it appears in the trend.
In the daily time frame chart, it is possible for the SXP to reach $4.06 if the bull trend continues. Or else, if the price of the SXP breaks the breakout point at $2.91, it will fall to the next support level at $1.90. So, the trend of the SXP is based on the breakout.
Swipe (SXP) Support and Resistance Level
The below chart shows the support and resistance level of SXP.
From the above daily time frame, it is clear the following are the resistance and support levels of SXP.
- Resistance Level 1 – $2.47
- Resistance Level 2 – $3.59
- Resistance Level 3 – $4.56
- Resistance Level 4 – $5.41
- Support Level 1 – $1.33
The charts show that SXP has performed a bullish trend over the past month. If this trend continues, SXP might run along with the bulls overtaking its resistance level at $5.41.
Conversely, if the investors turn against the crypto, the price of SXP might plummet to almost $1.33, a bearish signal.
Swipe (SXP) Average Directional Index (ADX)
Now let’s look at the average directional index (ADX) of SXP. ADX helps traders to determine the strength of a trend, not its actual direction. It can be used to determine if the market is changing or if a new trend is starting. However, it is related to the Directional Movement Index.
Moreover, the oscillators range from 0 to 100. In addition, a high value represents a strong trend, while a low value indicates a weak trend. It is often used in combination with direction indicators.
The above chart shows the ADX of SXP stays above the range of 24.802, so it indicates a weak trend.
Conclusion
SXP is one of the cryptos that keeps its ground against the bearish market. Furthermore, our long-term SXP price prediction for 2021 is bullish. It has a huge possibility of overtaking its current all-time-high (ATH) of $5.79 this year. However, this will only happen if SXP breaks many past psychological resistances.
Furthermore, with the ongoing developments and upgrades within the SXP ecosystem, it could experience a great future ahead in 2021. It may reach $4.56 soon and it might even reach high heights, however reaching $5.41, if investors have planned that SXP 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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