Will Aragon Crypto Reach the $10 Level?

Aragon crypto is trading above the key moving averages showcasing bullishness. The crypto price has already broken the key resistance levels and is heading for the $10 mark.

At press time, the ANT crypto price was $7.0551, with an intraday gain of 0.11%, showing bullishness on the charts. Moreover, the trading volume is 5.78 Million. The market cap is $304.63 Million. 

Aragon is a platform that allows anyone to create and run Decentralized Autonomous Organizations (DAOs) with flexible and secure tools.

Aragon recently launched the new Aragon OSx protocol, which is modular and adaptable, and the Aragon App, which does not require coding, on Ethereum and Polygon. Aragon’s vision is to empower everyone to experiment with governance at the speed of software and to create a hyperstructure for governance. The Aragon Project is led by the Aragon DAO, which is composed of Aragon Network Token (ANT) holders, and developed by teams from all over the world.

Over a week, ANT crypto has experienced a gain of nearly 11.56%, and this gain has been extended over a month, reaching around 12.97%. Looking back over three months, Aragon crypto gained about 37.66%, while the incline extends to around 64.50% over the last six months. Furthermore, the crypto’s performance throughout the year has been decent, with a year-to-date return of approximately 21%.

Meanwhile, ANT cryptos need to accumulate buyers in order to push the crypto price to higher levels.

Technical Analysis of ANT Crypto Price in 1-D Timeframe

At the time of publishing, ANT crypto (USD: Aragon) is trading below the 50 and 200-Day DMAs (Daily moving averages), which are supporting the price trend. The current value of RSI is 74.74 points. The 14 SMA is above the median line at 66.69 points which indicates that the ANT crypto is bearish.

The MACD line at 0.3009 and the signal line at 0.2027 are above the zero line. A bullish crossover is observed in the MACD indicator which signals more bearishness for the Aragon crypto price.

Summary

ANT crypto technical oscillators and indicators signal the bullish trend. The MACD, RSI, and EMAs are highlighting bullish indications and suggest that the bullish trend could continue in the Aragon crypto price. Moreover ANT crypto could go higher if it gets good support from buyers.

Technical Levels

Support Levels: $6.500 and $5.00

Resistance Levels: $8.00 and $10.00

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.