cryptocurrency

Moonbeam (GLMR) Price Prediction 2022 – Will GLMR Hit $6 Soon?

  • The bullish GLMR price forecast is $1.0425 to $5.4927.
  • Moonbeam (GLMR) may also hit $6 soon.
  • The bearish GLMR price prediction for 2022 is $0.5585.

In our Moonbeam Price Predictions (GLMR) 2022, we use statistics, price patterns, RSI, RVOL and other information about GLMR to analyze the future movement of cryptocurrencies.

Moonbeam (GLMR) Current Market Status

according to Queen GekkoMoonbeam (GLMR) price is $0.628439 with a 24-hour trading volume of $13,683,789 at the time of writing. However, GLMR has increased by about 3.6% in the last 24 hours.

Furthermore, Moonbeam (GLMR) has a circulating supply of 358,631,581 GLMR. Currently, Moonbeam (GLMR) is traded on crypto exchanges such as Binance, Gate.io, KuCoin, OKX and DigiFinex.

What is Moonbeam (GLMR)?

Moonbeam (GLMR) is Moonbeam’s original Polkadot blockchain-based cryptocurrency. It manages smart contracts on the network, improves the performance of decentralized applications (dApps), and maintains system security. It is also used to pay network transaction fees and pay the people who manage the system nodes. Its holders can also vote on ideas related to network management.

Moonbeam is a highly specialized platform that matches Web3 RPC from Ethereum, accounts, keys, subscriptions, logs, and more. The Moonbeam platform adds on-chain governance and on-chain integrations to the standard Ethereum feature set.

Moonbeam (GLMR) Price Forecast 2022

Moonbeam (GLMR) is ranked 156 on CoinGecko at the moment. The GLMR price forecast for 2022 is explained below with a daily time frame.

GLMR/USDT Bullish Channel Pattern (Source: TradingView)

The above Moonbeam (GLMR) chart draws a bullish channel pattern. The ascending triangle draws a bullish channel pattern, also known as a bullish channel. The upper and lower trendlines connecting higher tops and higher troughs respectively appear to be moving within an upward slope. This pattern is generally characteristic of an uptrend.

Currently, Moonbeam (GLMR) is in the $0.6717 range. If the pattern continues, GLMR price could reach the $0.8095, $1.0864 resistance levels. If the trend reverses, the GLMR price could drop to $0.6578 and 0.5642.

Moonbeam support and resistance (GLMR) levels

The chart below shows support and resistance levels for Moonbeam (GLMR).

GLMR USDT Support and Resistance Levels (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of the Moonbeam (GLMR).

resistance level 1 USD 1.0425
resistance level 2 1.5944 dollars
resistance level 3 $2.3485
resistance level 4 $3.4721
resistance level 5 $5.4927
Support level 0.5585 USD

The charts show that the Moonbeam (GLMR) has been bullish for the past month. If this trend continues, the GLMR indicator may continue along with the bulls breaking the resistance level at $5.4927.

Accordingly, if investors turn against the cryptocurrency, the price of Moonbeam (GLMR) could drop to close to $0.5585, which is a bearish sign.

Moonbeam (GLMR) Price Prediction 2022 – RVOL, MA and RSI

The relative magnitude (RVOL) of the lunar beam (GLMR) is shown in the graph below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL for GLMR is below the cutoff line, indicating weakness of participants in the current trend.

GLMR/USDT RVOL, MA, RSI (Source: TradingView)

Also, the moving average (MA) of the moonbeam (GLMR) is shown in the above chart. Notably, Moonbeam (GLMR) price is below the 50 MA (short term), so it is quite in a downtrend. Currently, GLMR is in a downturn. Therefore, there is a possibility of a reversal of the GLMR trend at any time.

Meanwhile, the Relative Strength Index (RSI) for GLMR is 42.52. This means that Moonbeam (GLMR) is in an oversold state. However, this means that a major GLMR price reversal may occur in the coming days. Therefore, traders need to trade carefully.

Moonbeam (GLMR) Price Forecast 2022 – ADX, RVI

Let’s now take a look at the Moonbeam Average Directional Index (ADX) (GLMR). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

GLMR / USDT ADX, RVI (Source: TradingView)

The chart above represents the ADX Moonbeam Index (GLMR). Currently, the ADX Indicator for GLMR is in the 6.1094 range and therefore indicates a weak trend.

The above chart also represents the Moonbeam Relative Volatility Index (RVI) (GLMR). RVI measures the continuous deviation of price changes over a period of time. The GLMR’s RVI is below 50, indicating low volatility. In fact, the Moonbeam Relative Strength Index (GLMR) is at 42.52 confirming a possible buy signal.

Comparison of GLMR, BTC and ETH

The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and Moonbeam (GLMR).

BTC vs ETH vs GLMR Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of GLMR is similar to BTC and ETH. This indicates that when the price of BTC and ETH goes up or down, the price of GLMR will go up or down, respectively.

Moonbeam Price Forecast (GLMR) 2023

If the price action slows down completely and the trend reverses, the Moonbeam (GLMR) is likely to reach $7 by 2023.

Moonbeam Price Forecast (GLMR) 2024

With several network upgrades, the Moonbeam (GLMR) may be entering an upward trajectory. If the coin grabs the attention of major investors, GLMR could rise to $8 by 2024.

Moonbeam Price Forecast (GLMR) 2025

If Moonbeam (GLMR) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, GLMR will rise to $9.

Moonbeam Price Forecast (GLMR) 2026

If Moonbeam (GLMR) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, GLMR will rise to $10.

Moonbeam Price Forecast (GLMR) 2027

If Moonbeam (GLMR) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, GLMR will rise to $11.

Moonbeam Price Forecast (GLMR) 2028

Moonbeam (GLMR) holds a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By driving significant price hikes, the GLMR will reach $12 in 2028.

Moonbeam Price Forecast (GLMR) 2029

If investors flock and continue to place their bets on the Moonbeam (GLMR), this will see significant upsides. GLMR could reach $13 by 2029.

Moonbeam (GLMR) price predictions for 2030

With greater developments in the ecosystem, the crypto community may continue to invest in GLMR over the next eight years and drive the price of the token significantly higher. Thus, Moonbeam (GLMR) could reach $14 by 2030.

conclusion

With the continuous improvements in the Moonbeam network, we can say that 2022 is a good year for GLMR. For this reason, the forecast for the Moonbeam Bullish Price (GLMR) in 2022 is $5.4927. On the other hand, the bearish price forecast for the Moonbeam (GLMR) price forecast for 2022 is $0.5585.

Furthermore, with developments and upgrades in the Moonbeam ecosystem, it will help GLMR’s performance reach an all-time high (ATH) of $19.50. very soon. But, it could also be as low as $6 if investors think GLMR is a good investment in 2022.

Instructions

1. What is Moonbeam (GLMR)?

Moonbeam (GLMR) is Moonbeam’s original Polkadot blockchain-based cryptocurrency. It manages smart contracts on the network, improves the performance of decentralized applications (dApps), and maintains system security.

2. Where to buy Moonbeam (GLMR)?

Moonbeam (GLMR) is listed on several cryptocurrency exchanges including Binance, Gate.io, KuCoin, OKX, and DigiFinex.

3. Will Moonbeam (GLMR) Getting to a new ATH soon?

With the continuous developments and updates within the Moonbeam platform, GLMR has a high potential to reach ATH soon.

4. What is the current height at all (ATH) for Moonbeam (GLMR)?

On January 11, 2022, Moonbeam (GLMR) reached a new all-time high (ATH) at $19.50.

5. Is Moonbeam (GLMR) A good investment in 2022?

Moonbeam (GLMR) appears to be one of the most profitable cryptocurrencies this year. According to Moonbeam’s accomplishments recorded in the past few months, GLMR is a good investment in 2022.

6. Can Moonbeam (GLMR) Up to $6?

Moonbeam (GLMR) is one of the active cryptocurrencies that continues to maintain its bullish state. Ultimately, if this bullish trend continues, the Moonbeam (GLMR) will reach $6 soon.

7. What will be Moonbeam (GLMR) By 2023?

Moonbeam (GLMR) is expected to reach $7 by 2023.

8. What will it be Moonbeam (GLMR) Price by 2024?

Moonbeam (GLMR) is expected to reach $8 by 2024.

9. What will it be Moonbeam (GLMR) By 2025?

Moonbeam (GLMR) is expected to reach $9 by 2025.

10. What would it be? Moonbeam (GLMR) By 2026?

Moonbeam (GLMR) is expected to reach $10 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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