DAO Maker (DAO) Price prediction 2021 — Will DAO Hits $15 in 2021?

Bullish DAO price prediction ranges from $3.2 to $9. DAO price might also reach $15 soon. DAO bearish market price prediction for 2021 is $2.06. This DAO Maker Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into account upon coming up with our DAO price analysis and prediction. There are many cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some digital assets also faced a price drop. As a result, many crypto traders are worried about whether it is time to hold or sell their digital assets. This is also the same case that crypto traders could experience in DAO. Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will DAO experience the same price volatility? We’ll find out shortly in this DAO price analysis 2021 article. But first, let’s have a look at what DAO is. What Is DAO Maker (DAO)? DAO Maker Token is built on Ethereum (ETH) allowing holders to govern the ecosystem. In late 2020, DAO Maker held a series of Dynamic Coin Offerings, however, raising more than $8 million. More so, the DAO Maker Token focuses on developing a decentralized environment, enabling a go-to platform for retail ventures to invest in equity and tokens. Moreover, the DAO Maker has been explained as a leader in blockchain SaaS solutions, community creation, & token economics design. Now that we have an idea about DAO, do you think DAO will be profitable crypto in 2021? Join me and let us see the charts in this DAO price prediction. DAO Current Market Status As of the time of writing this DAO Maker technical analysis, DAO trades at $3.03 with a 24-hour trading volume of $5,117,204. The price of DAO has increased by 2.71% in the last 24 hours. Furthermore, DAO has a current circulating supply of 35,179,964.04 DAO. Currently, the top crypto asset trading platforms for Maker DAO are OKEx, KuCoin, Gate.io, Hoo, and CoinBene. Now, let’s proceed to the next part of this DAO technical analysis for 2021. DAO Maker Price Prediction 2021 Recently, DAO held the 291st place on CoinGecko. But will the recent upgrades and advancement in the blockchain help the cryptol asset price to reach higher? Let’s proceed to the charts in this DAO price prediction article. DAO Maker forms a channel trend pattern as per the chart shown below. DAO/USDT Chart Showing Channel Trend Pattern (Source: TradingView) In this scenario of our DAO price prediction 2021, DAO has to break past the Fib retracement level at $9.09. To do this, it has to establish more support at the Fib level at $2.06. If not, bears may gain the upper hand and drag DAO further to their territory. As shown above, at the beginning of this period, DAO turned from a bull trend to bear trend forming a descending channel pattern. This is a result of the huge trading volumes that took place in that period. DAO Maker Relative Strength Index (RSI) The Relative Strength Index (RSI) is at 45.10, which means that DAO is in a neither overbought nor oversold state. However, traders can trade safely without any fear. DAO Maker Relative Strength Index (Source: TradingView) Therefore, crypto traders must trade cautiously and must not be disturbed by the crypto market hype. With this in mind, crypto traders must trade carefully to avoid unexpected losses due to the crypto market’s wild swings. DAO Maker Average Directional Index (ADX) Now let’s look at the average directional index (ADX) of DAO. Generally, the Average Direction Index (ADX) helps traders identify the strength of a trend, rather than its actual direction. It can be utilized to determine whether the crypto market is changing or a new trend is starting. It is associated with the Directional Movement Index (DMI) and basically includes the ADX line. Moreover, the range of the oscillator is from 0 to 100. A high value indicates a strong trend, and a low value indicates a weak trend. It is often combined with directional indicators. Currently, DAO is in a strong trend as per the chart below. DAO Maker Average Directional Index (Source: TradingView) Since the start of 2021, DAO’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by consolidation, fluctuations, and corrections right away. Taking this into consideration, DAO has a competitive market this 2021. Conclusion DAO seems to have a great future ahead in 2021. With the ongoing developments happening within the DAO ecosystem, as well as in the overall crypto market, we may see DAO reach new heights. DAO/USDT Price Chart (Source: TradingView) Meanwhile, our long-term DAO price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $8.75 this year. However, that will only take place if it breaks the past number of psychological resistances. Even more, the bullish DAO price prediction in 2021 is $9.5. It may even reach $15 if investors continue to side with DAO this year. FAQ How to Buy DAO Tokens? Users can obtain DAO tokens by purchasing them from cryptocurrency exchanges such as OKEx, or KuCoin. Will DAO Surpass its Current ATH? DAO is the best crypto asset to invest in 2021. Best of all, DAO has a high possibility of surpassing its current ATH at about $8.75 this year. Can DAO reach $15 soon? Yes, it’s very much possible that DAO might reach $15 in the near future as per the current bullish trend. 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. 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