Dent Price Prediction — Will DENT Price Hit $0.5 Soon?

This Dent (DENT) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our DENT price analysis and prediction.

In the midst of the current crypto bull run, many are wondering when the alt season will begin. In that case, many altcoins in 2020 which have suffered from a downturn could enjoy strong rallies in 2021. One of them is DENT, a cryptocurrency with tremendous potential. Many people are actually wondering if DENT will be a good investment in 2021. The answer to that question will be revealed in the near future.

Will DENT experience the same price volatility? We’ll find out soon in this DENT price analysis 2021 article. But first, let’s have a look at what DENT is.

What is Dent (DENT)?

Founded in 2017, Dent is an innovative digital mobile operator offering eSIM cards, data plans, and call minutes on top-ups. According to its website, Dent enables mobile data liberalization by using blockchain technology.

Plans for Dent include expanding its services to new markets by the end of 2021. Dent has already attracted more than 25 million mobile users, and its services are available in over 140 countries. Dent’s enterprise partnerships include Samsung Blockchain, The Enterprise Ethereum Alliance, and Telecom Infra.

Now that we are clear about DENT do you think DENT will be beneficial crypto in 2021? Join me and let us see the charts in this DENT price analysis and DENT price prediction.

Dent Current Market Status

As of the time of writing this DENT price analysis, DENT trades at $0.00409 with a 24-hour trading volume of $85,106,140. The price of DENT has increased by 14.29% in the last 24 hours.

Currently, the top cryptocurrency exchanges for DENT are Binance, Mandala Exchange, FTX, Upbit, and KuCoin. Now, let’s go to the next part of this DENT technical analysis for 2021.

Dent Price Analysis 2021

Currently, DENT holds 162nd place on CoinMarketCap. But will the latest upgrades, development, and changes in the DENT blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this DENT price prediction article.

In the chart above, which is set in a daily time frame, we can see the Descending Channel Trend pattern. A descending channel is the price action that takes place in a downward direction through a sloping parallel line. More so, the chart shows the Lower Highs and Lower Lows from this price pattern. Moreover, this pattern represents a short-term bearish.

As shown above, at the beginning of this month, DENT turned from its bear to bull trend. This is the result of the high trade volume that happened in that period.

The Relative Strength Index (RSI) is at 36.04, which means that DENT is in a nearly oversold state. With this traders need to stay cautious while trading, turning away from further losses.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of DENT.

Since the start of 2021, DENT’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, DENT has a competitive market this 2021.

Dent Price Prediction 2021

The chart below shows that DENT has performed great over the past few days. Moreover, the DENT price shows a bullish trend. If this trend continues, DENT might run along with the bulls, overtaking its $0.023 resistance level and moving even higher to $0.5.

Conversely, if the investors turn against the crypto, the bears might take over and push DENT from its uptrend position. In simpler terms, the price of DENT might decrease to almost $0.003, a bearish signal.

Meanwhile, our long-term DENT price prediction for 2021 is bullish. It has a high possibility of reaching new heights. More so, that will only happen if it breaks many previous psychological resistances.

Dent Price Prediction 2022

If this bullish trend continues, DENT will reach $1 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $2. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $1 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Dent Price Prediction 2023

If DENT holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $3.5, making it not plummet but play consistently.

Dent Price Prediction 2024

As per the latest upgrades, developments, DENT price prediction, and new project forecasts of the platform, DENT investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of DENT in the crypto market, and it will be the best investment as the price can spike and reach around $5.

Dent Price Prediction 2025

In the next four years, DENT’s price could race up to $8. However, reaching this level could not be so difficult for DENT as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that DENT has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

DENT has a bright future ahead of it in 2021. With the ongoing developments happening within the DENT ecosystem, as well as in the overall crypto market, we may see DENT reach new heights.

Bullish DENT price prediction 2021 is $0.5. As said above, it may even reach its new ATH if investors have decided that DENT is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

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.