RAMP Price Prediction 2021 – Will RAMP Hit $1 Soon?
- Bullish RAMP price prediction ranges from $0.38 to $0.57.
- The RAMP price might also reach $1.
- RAMP bearish market price prediction for 2021 is $0.12.
In RAMP price prediction 2021, we use statistics, price patterns, ADX, and much other information about RAMP to analyze the future movement of the cryptocurrency.
RAMP DeFi is a decentralized protocol that aims to drive the adoption of DeFi by allowing non-Ethereum (ETH) users to deposit tokens on the ETH platform. At the same time, Ethereum users can interact with the RAMP protocol and increase their profitability. RAMP DeFi enables leveraged capital from non-ERC20 gambling blockchains with a stable currency called rUSD issued on the Ethereum blockchain.
The main result of this is to maximize capital efficiency in multi-layered digital assets, where users are rewarded for participation by unlocking liquidity in shared assets and accumulating multiple streams of profit at the same time. Users already using the Ethereum blockchain can earn eUSD by depositing their ERC20 stablecoins into the eUSD RAMP liquidity pool.
Current Market Status of RAMP
According to Coingecko, the price of RAMP is $0.38 with a 24-hour trading volume of $41,176,587 at the time of writing. However, RAMP has increased by 5.1% in the last 24 hours.
Moreover, RAMP has a circulating supply of 338,972,185 RAMP coins. Currently, RAMP trades in cryptocurrency exchanges such as Binance, FTX, ZT, Hotcoin Global, and HitBTC.
RAMP Price Prediction 2021
RAMP holds the 370th position on CoinGecko right now. RAMP price prediction 2021 explained below with a daily time frame.
A descending triangle is a bearish chart pattern that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. It is a sign for traders in a short position to accelerate a breakdown. Among the traders descending triangle is a very popular chart pattern because it clearly shows the demand for an asset.
Currently, RAMP is trading at $0.38. After this, RAMP may continue to fall or rise according to the direction of breakout. With this pattern, RAMP might reach the resistance level at $0.5 soon, if the trend breaks out at the first resistance level $1. If the trend reverses, then the price of RAMP may fall to $0.16.
RAMP Support and Resistance Level
The below chart shows the support and resistance level of RAMP.
From the above chart, it observed that the following are the resistance and support level of RAMP.
- Resistance Level 1 – $0.38
- Resistance Level 2 – $0.57
- Resistance Level 3 – $1
- Support Level 1 – $0.28
- Support Level 2 – $0.19
- Support Level 3 – $0.12
The chart depicts the bearish performance of RAMP over the previous month. However, this trend will continue to reach resistance level at $1 soon. On the contrary, if the trend reversed then RAMP might fall to $0.12 presenting a bearish signal.
RAMP Average Directional Index (ADX)
Let us now look at RAMP’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 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 frequently combined with directional indicators.
The above chart represents the ADX of RAMP with the range at 60.88, so it indicates a very strong trend.
Conclusion
The RAMP is one of the cryptos which is great for long-term investment. In addition, RAMP price prediction will be bearish or bullish, until the breakout direction is confirmed. But, it has a good chance of reaching $1.01 this year. However, this will only happen if many previous psychological barriers are broken.
Furthermore, with the advancements and upgrades on the RAMP ecosystem, the performance of RAMP would rise reaching $0.5 very soon. But, it might also reach $1 if the investors believe that RAMP is a good investment in 2021.
Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
