TitanSwap Price Prediction 2021 – Will TITAN Hit $8 Soon?

This TitanSwap (TITAN) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our TITAN price analysis and prediction.

There are various cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some crypto assets also faced a price drop. As a result, many digital currency traders are worried about whether it is time to hold or sell their digital assets. This is also the same situation that crypto traders could experience in TITAN.

Nevertheless, the crypto market is consolidating, and many cryptocurrencies are losing their previous profits. Will TITAN experience the same price volatility? We’ll find out shortly in this TITAN price analysis 2021 article. But first, let’s have a look at what TITAN is.

What is TitanSwap (TITAN)?

TITAN is a blockchain related decentralized financial (DeFi) center that offers optimal liquidity solutions for different digital asset categories by adaptive bonding curve. It not only provides a user-centered decentralized exchange, but also it is an aggregated liquidity pool that supports order smart routing.

Now that we are clear about TITAN do you think TITAN will be beneficial crypto in 2021? Join me and let us see the charts in this TITAN price analysis and TITAN price prediction.

TitanSwap (TITAN) Current Market Status

As of the time of writing this TitanSwap price analysis, TITAN trades at $4.29 with a 24-hour trading volume of $1,798,418. The price of TITAN has increased by 8.58% in the last 24 hours.

Currently, the top cryptocurrency exchanges for TITAN are Huobi Global, CoinTiger, Bithumb Global, and Indodax. Now, let’s go to the next part of this TITAN technical analysis for 2021.

TitanSwap (TITAN) Price Analysis

Currently, TITAN holds the 233rd place on CoinMarketCap. But will the latest upgrades, development, and changes in the TITAN blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this TITAN price prediction article.

In the daily frame chart shown above, we can see the Symmetrical Triangle Pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In the foreseeable future, we can say that TITAN has a higher chance of going bearish than bullish.

 As shown above, at the beginning of this month, TITAN turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is above 58, which means that TITAN is in a nearly overbought state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of TITAN

Since the start of 2021, TITAN’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, TITAN has a competitive market this 2021.

TitanSwap (TITAN) Price Prediction

The chart below shows that TITAN has performed great over the past few days. Moreover, the TITAN price shows a bullish trend. If this trend continues, TITAN might run along with the bulls, overtaking its $7 resistance level and move higher.

Conversely, if the investors turn towards the crypto, the bears might take over and push TITAN from its uptrend position. In simpler terms, the price of TITAN might plummet to almost $3.2, a bearish signal.

Meanwhile, our long-term TITAN price prediction 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many past psychological resistances.

Conclusion

TitanSwap has a bright future ahead of it in 2021. With the ongoing developments happening within the TITAN ecosystem, as well as in the overall crypto market, we may see TITAN reach new heights.

Bullish TITAN price prediction 2021 is $8. As said above, it may even reach its new ATH if investors have decided that TITAN is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Source: https://coinquora.com/titanswap-titan-price-prediction/