The price of Smooth Love Potion is $0.5 USD, with a total supply of 1 million SLP tokens.

The aave price prediction 2021 is a cryptocurrency that has been on the rise for quite some time now. It’s current value is $0.4, but it could hit $0.5 soon.

  • The range of bullish SLP price predictions is $0.23 to $0.35.
  • The price of SLP may potentially exceed $0.5.
  • For 2021, the SLP pessimistic market price forecast is $0.14.

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

Playing the Axie Infinity game earns you Small Love Potion (SLP) tokens. SLP tokens are ERC-20 tokens that may be used to breed new digital pets called Axies. This cryptocurrency acts as a substitute for experience points. It’s a one-of-a-kind cryptocurrency since it’s one of the few in-game tokens that Binance has listed in its innovation zone.

Smooth Love Potion’s Current Market Situation (SLP)

At the time of writing, the price of SLP was $0.1974, with a 24-hour trading volume of $320,649,437, according to Coingecko. SLP, on the other hand, has risen to 14.32 percent in the past 24 hours.

Furthermore, there are 900,320,691.00 SLP coins in circulation. SLP is currently traded on Binance, Tokocrypto, FTX, Gate.io, and KuCoin, among other cryptocurrency exchanges.

Price Prediction for Smooth Love Potion (SLP) in 2021

Smooth Love Potion (SLP) is currently ranked 240th on CoinGecko. A 4-hour time period is used to illustrate SLP price forecast 2021. 

The Falling Wedge pattern is shown in the graph. When the price moves in an overall bullish trend before correcting downward, it forms a falling wedge pattern. This pattern starts out broad at the top then narrows as prices fall. When the stock price has been dropping for a while, a falling wedge pattern is formed by two converging trend lines. A reversal pattern is formed when a falling wedge occurs amid a downward change in market momentum.

If the bull trend continues, the SLP may hit $0.42 on the hourly time frame chart. Otherwise, if the SLP price breaks through the $0.34 resistance level, it will fall to the next support level at $0.16. As a result, the SLP’s trend is dependent on the breakout.

Support and Resistance Levels for Smooth Love Potion (SLP)

Smooth Love Potion’s support and resistance levels are shown in the chart below (SLP). 

Support and Resistance Levels in SLP/USDT (Source: TradingView)

The following are the resistance and support levels of SLP, as seen in the chart above.

  • $0.23 is the first level of resistance.
  • $0.28 is the second level of resistance.
  • $0.35 is the third level of resistance.
  • Level 1 Support – $0.19
  • Level 2 Support – $0.16
  • Level 3 Support – $0.14

The graph depicts SLP’s bullish performance over the preceding month. This trend, however, may shortly hit a resistance level around $0.35. If the trend were to reverse, SLP might fall below $0.14, indicating a bearish indication.

Average Directional Index for Smooth Love Potion (SLP) (ADX)

Let’s take a look at the Average Directional Index for SLP (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 about to start. 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 SLP is shown above, and it is in the region of 42, suggesting a strong trend. 

Conclusion

The SLP is a cryptocurrency that is ideal for long-term investment. Furthermore, the long-term price forecast for SLP is positive. By the end of the year, it has a strong probability of hitting $0.35. This, however, will only happen if a number of prior psychological obstacles are overcome.

Furthermore, with the advances and updates to the SLP ecosystem, SLP’s performance is expected to increase to $0.35 in the near future. However, if investors think SLP is a solid investment in 2021, it may reach $0.5.

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 homework.

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Frequently Asked Questions

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You can buy a smooth love potion from any online store.

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