Cashaa is a blockchain based P2P lending platform that has the potential to disrupt the $2.5 Trillion P2P lending industry. It aims to create a decentralized, scalable and secure ecosystem for lending and borrowing money.
Cashaa is a new cryptocurrency, which was created in a project called Zeta.Cash. The project is based on a fork from Zcash. However, this time the team has been working on improving the protocol that is used for the cryptocurrency.
There is a new cryptocurrency on the block and word on the street is that they are the next bitcoin. They are called Cashaa and they have a market cap of $52,065,541 and is currently priced at $0.0257 with a circulating supply of 3,796,138,000 and a maximum supply of 16,000,000,000. Will Cashaa reach $0.080 soon?
- The range of bullish CAS price predictions is $0.047 to $0.21.
- The CAS price may rise to $0.080.
- For 2021, the CAS pessimistic market price forecast is $0.027.
We utilize data, price trends, ADX, and other information about CAS to evaluate the cryptocurrency’s future movement in CAS price forecast 2021.
Cashaa, the UK’s biggest crypto-friendly neo-bank, continues to serve hundreds of crypto companies across the globe. CAS is the backbone of the Cashaa banking ecosystem. CAS, as the Cashaa platform’s native currency, offers a number of advantages, including faster application processing, cheaper set-up fees, lower international wire charges, exchange rebates, and transaction fees, as well as unique crypto-friendly banking services available only to CAS holders.
Cashaa’s Current Market Situation (CAS)
At the time of writing, the price of CAS was $0.029, with a 24-hour trading volume of $871,350, according to Coingecko. CAS, on the other hand, has risen to 3.24 percent in the past 24 hours.
Furthermore, there are 813,989,875 CAS coins in circulation. CAS now trades on Binance DEX, KuCoin, MEXC, and Bitbns, among other cryptocurrency exchanges.
Price Prediction for Cashaa (CAS) in 2021
Cashaa (CAS) is currently ranked 812th on CoinGecko. With a daily time period, the CAS price forecast for 2021 is given below.
Ascending Triangle Pattern (CAS/USDT) (Source: Tradingview)
An ascending triangle is a continuation pattern, meaning it is important whether it appears during an upswing or a downturn. Traders prefer to purchase or sell the asset aggressively when the price breaks out of the triangle, depending on which direction the price broke out.
CAS is now trading at $0.029. Following that, CAS may continue to decline or increase, depending on the breakout. With this pattern, CAS is likely to break over the upper trendline and hit $0.042 in the near future. If the trend continues, the price of CAS may drop below $0.027.
Support and Resistance Levels for Cashaa (CAS)
The chart below depicts Cashaa’s support and resistance levels (CAS).
Support and Resistance Levels CAS/USDT (Source: TradingView)
According to the aforementioned chart, the resistance and support levels for CAS are as follows.
- $0.047 is the first level of resistance.
- $0.081 is the second level of resistance.
- $0.123 is the third level of resistance.
- $0.21 is the fourth level of resistance.
- Level 1 Support – $0.027
- Level 2 Support – $0.013
The graph shows CAS’s negative performance over the preceding month. This trend, however, will break out and hit the $0.042 resistance level. If the trend were to reverse, CAS might fall below $0.027, indicating a bearish indication.
Average Directional Index of Cashaa (CAS) (ADX)
Now let’s have a look at the CAS Average Directional Index (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of CAS is shown above, with the range at 25.94, indicating a modest trend.
Conclusion
The CAS is one of the best cryptos to invest in for the long run. Furthermore, until the breakthrough, the short-term CAS price forecast will be positive. This year, though, it has a strong probability of hitting $0.042. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the improvements and updates to the CAS ecosystem, the price of CAS is expected to increase to $0.042 in the near future. However, if investors think that CAS is a solid investment in 2021, it might reach $0.080.
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.
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