Symbol (XYM) Price Prediction 2021 – Will XYM Hit $0.5 Soon?

Symbol (XYM) Price Prediction 2021 - Will XYM Hit $0.5 Soon?
  • Bullish XYM price prediction ranges from $0.187 – $0.138.
  • XYM price might also reach $0.5 soon.
  • XYM bearish market price prediction for 2021 is $0.127.

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

Symbol is a secure and trusted enterprise blockchain that smooths business friction, raises the flow of data, and innovates to supercharge the development, exchange, and protection of assets. Moreover, the Symbol is built to help businesses cut costs, reduce complexities, and streamline creation.

The Symbol was launched in March 2021, which uses a unique hybrid architecture, enhancing firms to benefit from the transparency which public chains provide. More so, it also allows data restrictions and encryption measures to be put in place for more confidential data. However, with major upgrades in security, flexibility, speed, and ease of use, the platform is the best-in-class blockchain enterprise solution.

Current Market Status of Symbol (XYM)

According to CoinGecko, the Symbol price is trading at $0.13 with a 24-hour trading volume of $2,215,639, at the time of writing. However, XYM has decreased by 1.0% in the last 24 hours. 

Currently, XYM trades in cryptocurrency exchanges such as HitBTC, Gate.io, KuCoin, Bitrue, and ZB.COM.

Symbol (XYM) Price Prediction 2021

Symbol (XYM) holds the 218th position on CoinGecko right now. XYM price prediction 2021 is explained below with a daily time frame. 

XYM/USDT Ascending Channel Pattern (Source: TradingView)

The above chart shows the Ascending Channel Pattern of XYM.  An Ascending Channel is the price action that occurs between upper inclining equal trendlines. In fact, higher highs and higher lows form this price pattern.

Currently, XYM is waving at $0.024, which already crossed its breakout. After this, XYM would continue to follow the pattern where the price chart would show uptrend. If the trend reverses, then the price of XYM may fall to $0.016.

Symbol (XYM) Support and Resistance Level

The below chart shows the support and resistance level of Symbol (XYM). 

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

From the above chart, it is observed that the following are the resistance and support levels of XYM.

  • Resistance Level 1 – $0.138
  • Resistance Level 2 – $0.187
  • Support Level 1 – $0.127
  • Support Level 2 – $0.119
  • Support Level 3 – $0.109

The chart depicts the bullish performance of XYM over the previous month. However, this trend will continue to reach a resistance level at $0.187 soon. Even more, if the trend reversed then XYM might fall to $0.127 presenting a bearish signal.

Symbol (XYM) Average Directional Index (ADX)

Let us now look at XYM’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 be 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 is frequently combined with directional indicators.

XYM/USDT ADX (Source: TradingView)

The above chart represents the ADX of XYM lies in the range at 25.75, so it indicates a weak trend. This shows that the price of ADX can go even bullish in the future.

Conclusion

The XYM is one of the cryptos which is great for long-term investment. In addition, XYM price prediction is bullish for the short term. It has a good chance of reaching $0.187 by the end of this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the XYM ecosystem, the performance of XYM would rise reaching $0.2 very soon. But, it might also reach $0.5 if the investors believe that XYM 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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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.