Vite Price Prediction: VITE Reached a New ATH

Vite Price Prediction: VITE Reached a New ATH
  • VITE is a Directed Acyclic Graph-related smart-contract platform.
  • Bullish VITE price prediction ranges from $0.275  to $0.5
  • VITE might show excellent market performance this 2021 reaching new ATH.

Vite reached its new all-time high price of $0.171, today.

This VITE Price Prediction 2021 article is based on technical analysis alone. In this article, you can see the key measures that were taken into consideration upon coming up with our VITE price analysis and prediction.

Nowadays, cryptocurrency is a very speculative source to gain very attractive returns on investment. Many traders and investors are confused about whether it is time to sell or hold out for a good price. 

Vite has created a Directed Acyclic Graph (DAG) related smart-contract platform. However, with a Snapshot Chain structure to provide zero-fee transactions and optimize transaction speed, reliability, and security. 

The VITE token is the token for simple transactions and smart-contract executions on the Vite network. Moreover, with users staking VITE for transaction quota rather than consuming gas. VITE can also be utilized to vote for Snapshot Block Producers

VITE Current Price

According to CoinGecko, the VITE price is $0.1423 with a 24-hour trading volume of $432 million at the time of writing. Moreover, the price has surged by 153% in the last 24 hours. 

VITE has a current circulating supply of 477M. Currently, the top crypto trading platforms for VITE are Binance, OKEx, Bilaxy, Bittrex, and OKEx Korea. 

Now, let’s proceed to the next part of this Vite price forecast for 2021.

VITE Price Analysis 2021

In the monthly time frame chart below shows the Ascending Scallop pattern. Usually, this is followed by an uptrend. However, this can be followed by a downtrend as well. More so, the pattern itself provides a break further to the upside level. Moreover, this pattern took more than three months to form.

VITE/USDT chart showing Ascending Scallop Pattern (Source: TradingView)

As shown above, at the beginning of 2021, VITE turned from its bear to bull trend. This shows a high trade volume occurred in that period. The Relative Strength Index (RSI) is at 93.27. This indicates the RSI is in an overbought state and may trigger a price reversal at any given time. 

Therefore, traders must trade properly and must not be affected by the market hype. With this in mind, traders can be cautious and avoid unexpected losses due to the crypto market’s wild movements.

VITE Relative Strength Index (Source: TradingView)

VITE Price Prediction 2021

Let us also look through the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).

ETP Price Chart WITH 30-day SMA and 50-day EMA (Source: TradingView)
  • Resistance Level 1 – $0.275
  • Resistance Level 2 – $0.196
  • Support Level 1 – $0.091
  • Support Level 2 – $0.0445

Since the start of 2021, Vite’s price has seen many bullish moves. The above chart shows the impressive performance of VITE in the last few days. VITE is showing a bullish trend. However, if the trend continues, VITE will run along with the bulls, overtaking its $0.196 resistance level and climb higher to $0.275.

If the bullish trend continues, the VITE can surge over its all-time high (ATH) price of $0.171. In contrast, if the investors turn against the cryptocurrency, the bears might take over. More so, the VITE price might plummet to almost $0.044, a bearish signal.

In summary, bullish Chiliz price prediction is $0.275, and may even reach $0.5 later in 2021. On the other hand, the bearish Chiliz price prediction is $0.044.

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

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.