- The bullish NKN price forecast is $0.1668 to $0.9803.
- NKN (NKN) may also hit $1 soon.
- The bearish NKN price prediction for 2022 is $0.0610.
In our NKN (NKN) Price Prediction 2022, we use statistics, price patterns, RSI, RVOL and other information about NKN to analyze the future movement of cryptocurrencies.
NKN (NKN) Current Market Status
according to Queen Gekko, NKN (NKN) price is $0.117301 with a 24-hour trading volume of $12,199,022 at the time of writing. However, NKN is down about 1% in the last 24 hours.
Furthermore, NKN (NKN) has a circulating supply of 650,000,000 NKN. Currently, NKN (NKN) trades on cryptocurrency exchanges such as Binance, Coinbase Exchange, WhiteBIT, Upbit and DigiFinex
What is NKN (NKN)?
NKN is the original cryptocurrency of NKN, an open source, peer-to-peer network that enables Internet users to share network connectivity and capacity in exchange for prizes paid at NKN. The NKN token is an ERC-20 utility token that serves as a reward and a means of payment for network services. With an initial supply of 1 billion NKN, the cryptocurrency was made available via an ICO in April 2018.
NKN (NKN) Price Forecast 2022
NKN (NKN) ranks 330 on CoinGecko right now. The NKN price forecast for 2022 is explained below with a daily time frame.
The above chart of NKN (NKN) has drawn an ascending channel. A bullish channel pattern, also known as a bullish channel. It appears that the upper and lower trendlines connecting higher tops and higher troughs respectively are moving within an upward slope. This pattern is generally characteristic of an uptrend.
Currently, NKN (NKN) is in the range of $0.1193 if the pattern continues, NKN price could reach $0.1567 and $0.2303 resistance levels, if trend reverses, NKN could decline to $0.0869 and $0.0642.
NKN (NKN) Support and Resistance Levels
The chart below shows the support and resistance levels for NKN (NKN).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for NKN (NKN).
|resistance level 1||$0.1668|
|resistance level 2||0.3363 USD|
|resistance level 3||$0.5716|
|resistance level 4||$0.9803|
|support level||0.0610 dollars|
The charts show that NKN (NKN) has performed an upward trend over the past month. If this trend continues, NKN may work in tandem with the bulls taking out the resistance at $0.9803.
Accordingly, if investors turn against the cryptocurrency, the price of NKN (NKN) could drop to close to $0.0610, which is a bearish sign.
NKN (NKN) Price Forecast 2022 – RVOL, MA and RSI
The relative volume (RVOL) of NKN (NKN) is shown in the chart 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 of NKN is above the cutoff line, which indicates strong participants in the current trend.
Also, the moving average (MA) of NKN (NKN) is shown in the above chart. Notably, NKN (NKN) price is above 50 MA (short term), so it is in an uptrend. Currently, NKN has entered an uptrend. Therefore, there is a possibility of a reversal of the NKN trend at any time.
Meanwhile, the Relative Strength Index (RSI) for NKN is 52.48. This means that NKN (NKN) is in an overbought state. However, this means that a major reversal of the NKN price may occur in the coming days. Therefore, traders need to trade carefully.
NKN (NKN) Price Forecast 2022 – ADX, RVI
Let us now take a look at the NKN (NKN) Average Directional Index (ADX). 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.
The chart above represents the ADX indicator for NKN (NKN). Currently, the NKN ADX is in the range of 44.2050 and therefore it is indicating a strong trend.
The chart above also represents the NKN (NKN) Relative Volatility Index (RVI). RVI measures the continuous deviation of price changes over a period of time. NKN’s RVI is below 50, indicating low volatility. In fact, the NKN (NKN) Relative Strength Index is at 52.48 confirming a possible sell signal.
Comparison of NKN, BTC and ETH
The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and NKN (NKN).
NKN (NKN) Price Forecast 2023
If the price action’s decline completely slows down in momentum and the trend reverses, NKN (NKN) Likely to make $3 by 2023.
NKN (NKN) Price Forecast 2024
With several network upgrades, NKN (NKN) may enter an upward trajectory. If the coin attracts the attention of major investors, NKN could rise to $5 by 2024.
NKN (NKN) Price Forecast 2025
If NKN (NKN) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, NKN will rise to $7
NKN (NKN) Price Forecast 2026
If NKN (NKN) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, NKN will rise to $9
NKN (NKN) Price Forecast 2027
If NKN (NKN) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, NKN will rise to $11
NKN (NKN) Price Forecast 2028
If NKN (NKN) maintains 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, NKN will reach $13 in 2028.
NKN (NKN) Price Forecast 2029
If investors flock and continue to place their bets on NKN (NKN), this will see huge spikes. NKN could reach $15 by 2029.
NKN (NKN) Price Forecast 2030
With greater developments in the NKNecosystem, the crypto community may continue to invest in NKN over the next eight years and drive significant price hikes for the token. Thus, NKN (NKN) may reach $17 by 2030.
With the continuous improvements in NKN, we can say that 2022 is a good year for NKN. Because of this, the bullish price forecast for NKN (NKN) in 2022 is $0.9803. On the other hand, the bearish NKN (NKN) price prediction for 2022 is $0.0610
Moreover, with developments and upgrades in the NKN ecosystem, it will help NKN’s performance to reach an all-time high (ATH) of $41.44 very soon. But, it could also reach $1 if investors think NKN is a good investment in 2022.
NKN is the original cryptocurrency of NKN, an open source, peer-to-peer network that enables Internet users to share network connectivity and capacity in exchange for prizes paid at NKN.
NKN (NKN) is listed on several cryptocurrency exchanges including Binance, Coinbase Exchange, WhiteBIT, Upbit and DigiFinex
With the continuous developments and updates within the NKN platform, NKN has a great potential to reach ATH soon.
On April 09, 2021, NKN (NKN) reached an all-time high (ATH) of $1.44.
NKN (NKN) appears to be one of the most profitable cryptocurrencies this year. According to NKN’s recorded achievements in the past few months, NKN is a good investment in 2022.
NKN (NKN) is one of the active cryptocurrencies that continues to maintain its bullish state. Ultimately, if this uptrend continues, NKN (NKN) will reach $1 soon.
The price of NKN (NKN) is expected to reach $3 by 2023.
NKN (NKN) The price is expected to reach $5 by 2024.
The price of NKN (NKN) is expected to reach $7 by 2025.
The price of NKN (NKN) is expected to reach $9 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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