Marlin POND Price Prediction 2021 – Will POND Hit $1 Soon?

Bullish POND price prediction ranges from $0.12 to $0.3.
POND price might also reach $1 soon.
POND bearish market price prediction for 2021 is $0.037.

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

Marlin is an open protocol that offers a high-performance programmable network design for DeFi and Web 3.0. Moreover, the nodes in the Marlin network called Metanodes work the MarlinVM which offers a virtual router interface for developers to spread customized overlays and execute edge computations.

Marlin (POND) Current Market Status

According to CoinGecko, the Marlin price is trading at $0.1136 with a 24-hour trading volume of $168,738,429, at the time of writing. However, POND has increased by 36% in the last 24 hours.

POND holds the 341st position on CoinGecko right now. Moreover, POND has a circulating supply of 774,908,425 POND and maximum supply of 10,000,000,000. Currently, POND trades in cryptocurrency exchanges such as Binance, Huobi Global, HitBTC, LBank, and Gate.io.

Marlin POND Price Prediction 2021

Marlin POND Price Prediction 2021, The daily time frame chart below shows the Channel Trend pattern or Bullish Flag pattern of Marlin (POND).

Moreover, a bullish channel is a continuation chart pattern. This pattern is created by two parallel bullish lines. More so, the price progresses between these two parallel trend lines. Even more, the upper trend line is called the resistance line and the lower trend line is said to be the support line.

POND/USDT Price Chart (Source: TradingView)

Resistance Level 1 – $0.129
Resistance Level 2 – $0.22
Next Resistance Level – $0.3
Support Level 1 – $0.07
Support Level 2 – $0.037

The chart above shows that Marlin has performed great over the past few days. Moreover, the POND price is over 31% in the last 7 days. If this trend continues, POND might run along with the bulls, overtaking its $0.3 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone POND from its uptrend position. In simpler terms, the price of POND might plummet to almost $0.037, a bearish signal.

Meanwhile, our long-term Marlin POND price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) this year. However, that will only happen if it breaks many previous psychological resistances.

Marlin (POND) RSI, MACD, MA, and EMA

The below chart shows the Moving Average Convergence/Divergence (MACD) of POND. Notably, the MACD (blue) continues to stay just above the signal indicator (orange line). This means that cryptocurrency traders can still expect more bulliish days ahead.

In contrast, if the MACD begins to move below the signal indicator and performs a bearish crossover. Then the crypto has a high possibility of reaching new lows.

POND RSI and MACD (Source: TradingView)

Now let’s look at the relative strength index (RSI) of POND. As shown in the chart above, the RSI remains at level 52. This shows that the POND price is in neither overbought or oversold state. However, this gives confidence for the traders to trade without any fear.

POND’s Moving Average (MA) and Exponential Moving Average (EMA) is shown in the chart below. Moreover, MA is a part of technical analysis that helps traders to recognize trends. While EMA is a type of moving average.

POND 30-day SMA and 50-day EMA (Source: TradingView)

From the beginning of 2021, it is clear that the POND price has shown many bullish patterns. Furthermore, taking all these into account, POND could have a competitive market in 2021.

Conclusion

With the ongoing developments and upgrades that are taking place within the POND platform. The cryptocurrency POND has a fantastic future ahead in this crypto market. However, it is possible to see POND reaching new heights.

Bullish Marlin POND price prediction 2021 is $0.3. As said above, it may reach great heights, however reaching $1 if investors have decided that POND 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.

Recommended for You

The post has appeared first on thenewscrypto.com

Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M

Markets