- WAN is a distributed ledger that provides cross-chain transactions.
- Bearish WAN price prediction for 2021 is $0.818
- WAN price may also reach $1.707 if it exceeds $2.518 soon.
This Wanchain 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 WAN price analysis and prediction.
The cryptocurrency Wanchain surges over 70% in one week and reached a high price of $1.21, according to CoinGecko.
In terms of market position, the market capitalization of WAN amounts to almost $190 million. Furthermore, WAN has an average daily trading volume of over $15 million.
Wanchain is a distributed ledger that provides cross-chain transactions and the interoperability of multiple chains. Although Wanchain facilitates transactions between blockchains, it is also a stand-alone blockchain that works autonomously. Moreover, WAN is an ERC-20 coin.
For interested crypto traders, the crypto trades at exchanges such as Binance, Huobi Global, BKEX, KuCoin, and Bitrue.
Moreover, with these recent developments, is WAN a good investment in 2021? Let’s find out in this WAN price analysis 2021 article.
Wanchain (WAN) Price Analysis
The below chart shows the Simple Moving Average (SMA), Exponential Moving Average (EMA), and Relative Search Index (RSI) of Wanchain (WAN).
WAN has shown a great performance in the past few days despite the wild market swings of the crypto world. Also, the graph displays the price surge of the cryptocurrency to over +70% in the past 7 days.
Meanwhile, the relative strength index (RSI) of the WAN is already at its oversold state. For this reason, traders must be careful because WAN might trigger a price reversal any time, as shown in this Wanchain price prediction.
According to CoinGecko, the WAN price is $1.12, at the time of writing.
- Resistance Level 1 – $1.707
- Resistance Level 2 – $2.518
- Support Level 1 – $0.147
- Support Level 2 – $0.818
The above chart shows the impressive performance of WAN in the last few days. WAN is showing a bullish trend. However, if the trend continues, WAN will run along with the bulls, overtaking its $1.707 resistance level and climb higher to $2.518.
If the bullish trend continues, the WAN can surge over it’s all-time high (ATH) price of $9.84. In contrast, if the investors turn against the cryptocurrency, the bears might take over. More so, the WAN price might plummet to almost $0.818, a bearish signal.