HEX Coin Price Prediction 2021 – Will HEX Hit $0.5 Soon?

HEX is a decentralized trading platform that aims to disrupt the gaming industry by offering gamers a safe, secure and reliable environment for trading virtual items.

The hex coin price prediction 2025 is a question that has been asked for a long time. It is a cryptocurrency with a goal of eliminating poverty and corruption in the world.

  • The range of bullish HEX price predictions is $0.19 to 0.35.
  • The price of HEX may potentially hit $0.5 in the near future.
  • For 2021, the HEX pessimistic market price forecast is $0.58.

We utilize data, price trends, RSI, and other information about HEX to evaluate the cryptocurrency’s future movement in HEX coin price forecast 2021. 

HEX is an Ethereum ERC20 coin. As a blockchain replica of this financial instrument utilized in conventional financial markets, HEX is designed to be used as a store of value to replace certificates of Deposit. HEX also intends to take use of the Ethereum network’s developing DeFi (Decentralised Finance) coin ecosystem.

Users may bet their HEX coins on newly produced HEX coins or a tiny part of inflation, and HEX contains features to promote price rises and avoid price falls. Making HEX stake over a longer length of time compensates you for completing stake early.

At the time of writing, the HEX coin price was $0.07, with a 24-hour trading volume of $73,473,134, according to CoinGecko. HEX, on the other hand, has dropped by 14.6 percent in the past 24 hours.

HEX is currently traded on HitBTC, Bitcoin.com Exchange, XT.COM, Bidesk, and BitMart, among other cryptocurrency exchanges.

2021 HEX Coin Price Prediction

The price of HEX in 2021 is forecasted in two time periods, as shown below. 

Time Period: Weekly

Below is a weekly time frame chart of the HEX currency (HEX) trend. 

Weekly Time Frame HEX/USDT Price Chart (Source: TradingView)

The chart above depicts the “consolidation phase” that started in April 2020, during which tokens traded in a narrow range ($0.002 – $0.005) until breaking through resistance in mid-October 2020. The price fell to the previous support level ($0.002) after this week’s breakthrough. 

Following that, the signal confirms the Dragonfly Doji pattern with a retreat movement, and the token price continues to move in a Higher High and Higher Low pattern. This pattern indicates an increasing tendency, with the value of tokens rising in general. At the start of this time, HEX switched from a bearish to a bullish trend, as seen in the chart above. This is due to the high amount of trade that happened at this time.

The price of the HEX currency has now hit a higher high ($0.09), with a possibility of retesting the $0.05 level. As a result, traders may purchase the HEX currency at this support level with the goal of holding it up to $0.19.

Time Period: Every Day

Below is a daily time frame chart of the HEX currency (HEX) pattern. 

HEX Coin Price Prediction 2021 – Will HEX Hit $0.5 Soon?Daily Time Frame HEX/USDT Price Chart (Source: TradingView)

The Swing High and Swing Low trend patterns may be seen in the chart above. In general, a swing low occurs when prices fall and are followed by two higher lows. A swing high, on the other hand, occurs when the price makes a high and then two lower highs.

The price of the HEX hit a Swing High level ( $0.098) on the daily time frame chart and then began to decline. So, based on this pattern, we may anticipate a drop to the $0.056 level, followed by a retreat to the support level. 

It will achieve the goal of $0.14 – $0.19 if you accumulate at the $0.056 –0.059 level.

Support and Resistance Levels in HEX

The chart below depicts HEX’s support and resistance levels.

HEX Coin Price Prediction 2021 – Will HEX Hit $0.5 Soon?Support and Resistance Levels in HEX/USDT (Source: TradingView)

The resistance and support levels of HEX are clearly seen in the above two time periods.

  • $0.35 is the first level of resistance.
  • $0.23 is the second level of resistance.
  • $0.15 is the third level of resistance.
  • $0.10 is the fourth level of resistance.
  • Level 1 Support – $0.07
  • Level 2 Support – $0.05
  • Level 3 Support – $0.03
  • Level 4 Support – $0.01

Overall, the charts above show that HEX’s negative trend is continuing, and it is conceivable for it to turn around and hit new highs. Furthermore, the charts indicate that HEX has been trending upwards for the last month. If the current trend continues, HEX may catch up with the bulls and break over the $0.35 resistance level.

In the event that investors turn against cryptocurrency, the price of HEX may fall to nearly $0.01, indicating a negative indication.

Average Directional Index of HEX Coin (HEX) (ADX)

Let’s take a look at HEX’s average directional index (ADX). The Average Direction Index (ADX) is a tool that traders use to assess the strength of a trend rather than its direction. It may be used to see whether the market is shifting or if a new trend is beginning. It’s linked to the Directional Movement Index (DMI) and consists mostly of the ADX line. 

The oscillator has a range of 0 to 100. A strong trend is indicated by a high value, whereas a weak trend is shown by a low value. It is often used in conjunction with directional indicators. 

The ADX of HEX remains over the 25-point level in the preceding chart, indicating a strong sell-side trend.

Conclusion

The HEX is one of the cryptos that has managed to hold its ground in a negative market. Our long-term HEX price forecast for 2021 is also optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $0.09. However, this will only happen if it overcomes a number of previous psychological barriers.

Furthermore, the HEX ecosystem may have a bright future ahead of it in 2021, thanks to continuous improvements and enhancements. It may soon hit 0.35 and even higher levels, but it may only reach $0.5 if investors believe HEX is a smart investment in 2021.

Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.

For you, we recommend

The future of hex crypto is a question that has been asked a lot. However, the future of HEX Coin is not certain. There are many factors that could have an impact on the price of HEX Coin in 2021.

Frequently Asked Questions

What will HEX be worth in 5 years?

HEX is currently worth $0.0028, and will be worth $0.005 in 5 years.

Will Hex price go up?

I am unable to answer this question.

What will dash be worth in 2021?

 

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