Mithril Price Prediction 2021 — Will MITH Price Hit $0.5 Soon?

Mithril Price Prediction 2021 — Will MITH Price Hit $0.5 Soon?
Mithril Price Prediction: Will MITH Reach a New ATH Soon?

  • Bullish MITH price prediction is $0.101 to $0.47.
  • The MITH price will also reach $0.5 soon.
  • MITH bearish market price prediction for 2021 is $0.013.

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

Mithril (MITH) Current Market Status

According to coingecko, the price of MITH is $0.07 with a 24-hour trading volume of $45,616,265 at the time of writing. However, MITH has increased to 8.1% in the last 24 hours.

Moreover, MITH has a circulating supply of 618,753,636 MITH. Currently, MITH trades in cryptocurrency exchanges such as Binance, Mandala Exchange, OKEx, HitBTC, and Gate.io.

What is Mithril (MITH)?

Mithril (MITH) is an Ethereum blockchain-based crypto platform. It is a decentralized social media platform on the Ethereum blockchain that rewards users for creating content. Moreover, the team plans to partner with existing social platforms to drive the adoption of its ERC-20 MITH token. In addition to storing funds, the Mithril Vault wallet can be used for staking and swapping into other currencies.

Mithril (MITH) Price Prediction 2021

Mithril holds the 681st position on CoinGecko right now. MITH price prediction 2021 explained below with a weekly time frame.

MITH USDT Horizontal Channel Trend Pattern
MITH/USDT Horizontal Channel Trend Pattern (Source: Tradingview)

The horizontal channel trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal and the prevailing direction of price action is sideways.

Currently, MITH is at $0.07. If the pattern continues, the price of MITH might reach the resistance level to $0.194. If the trend reverses, then the price of MITH may fall to $0.029.

Mithril (MITH) Support and Resistance Level

The below chart shows the support and resistance level of MITH.

MITH USDT Support and Resistance Level
MITH/USDT Support and Resistance Level (Source: TradingView)

From the above weekly time frame, it is clear the following are the resistance and support levels of MITH.

Resistance Level 1 $0.101
Resistance Level 2 $0.196
Resistance Level 3 $0.474
Support Level 1 $0.03
Support Level 2 $0.01
Resistance & Support Level

The charts show that MITH has performed a bullish trend over the past month. If this trend continues, MITH might run along with the bulls overtaking its resistance level at $0.474.

Accordingly, if the investors turn against the crypto, the price of the MITH might plummet to almost $0.01, a bearish signal.

Mithril (MITH) Price Prediction 2021 — RVOL, MA, and RSI

The Relative Volume (RVOL) of MITH is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of MITH lies below the cutoff line, indicating weaker participants in the current trend.

MITH USDT RVOL MA RSI
MITH/USDT RVOL, MA, RSI (Source: TradingView)

More so, the MITH’s Moving Average (MA) is shown in the chart above. Currently, MITH is in a bearish state. Notably, the MITH price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of MITH at any time.

Meanwhile, the relative strength index (RSI) of the MITH is at level 38.78. This means that MITH is in a nearly oversold state. However, this gives confidence for the traders to trade without any fear.

Mithril (MITH) Price Prediction 2021 — ADX, RVI

Let us now look at Mithril’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

MITH USDT ADX RVI
MITH/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Mithril. Currently, MITH lies in the range at 62.61, so it indicates a very strong trend.

From the above chart, the Relative Volatility Index (RVI) of MITH. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of MITH lies below the 50 level, indicating that the direction of volatility is low. In fact, MITH’s RSI is at the 38.78 level thus confirming a potential sell signal.

Comparison of MITH with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Mithril.

BTC Vs ETH Vs MITH Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and MITH is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MITH also increases or decreases respectively.

Conclusion

With continuous improvements in the Mithril network, we can say that 2021 is a good year for MITH. For this reason, the bullish price prediction of Mithril in 2021 is $0.47. On the other hand,  the bearish MITH price prediction for 2021 is $0.01.

Furthermore, with the advancements and upgrades on the MITH ecosystem, the performance of MITH would rise reaching $0.19 very soon. But, it might also reach $0.5 if the investors believe that MITH is a good investment in 2021.

FAQ

1. What is the Mithril?
Mithril represents a new type of decentralized social media, based on blockchain, which will pay its users to create content.

2. Where can you purchase MITH?
MITH has listed on many crypto exchanges which include Binance, Mandala Exchange, OKEx, HitBTC, and Gate.io.

3. Will MITH reach a new ATH soon?
With the ongoing developments and upgrades within the MITH platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Mithril?
On Apr 12, 2018, MITH reached its new all-time high (ATH) of $3.82.

5. Is MITH a good investment in 2021?
Mithril (MITH) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of MITH in the past few months, MITH is considered a good investment in 2021.

6. Can Mithril (MITH) reach $0.5?
Mithril (MITH) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Mithril (MITH) will hit $0.5 soon.

7. What will be the MITH price by 2022?
Mithril (MITH) price is expected to reach $0.20 by 2022.

8. What will be the MITH price by 2023?
Mithril (MITH) price is expected to reach $0.80 by 2023.

9. What will be the MITH price by 2024?
Mithril (MITH) price is expected to reach $1.5 by 2024.

10. What will be the MITH price by 2025?
Mithril (MITH) price is expected to reach $3 by 2025.

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.

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