cryptocurrency

Ocean Protocol Price Prediction 2022 – Will the Ocean Price Reach $1 Soon?

  • A bullish ocean price forecast for 2022 is $0.2417 to US$0.9986.
  • OCEAN will also be priced at $1 soon.
  • The forecast for the bearish ocean price for 2022 is $0.1533.

In OCEAN’s 2022 Price Forecast, we use statistics, price patterns, RSI, RVOL, and other information about OCEAN to analyze the future movement of cryptocurrencies.

Ocean Protocol (Ocean) Current Market Status

according to Queen GekkoPrice for Ocean Protocol (OCEAN) is $0.164683 with a 24-hour trading volume of $8,139,496 at the time of writing. However, OCEAN has fallen to 3.3% in the last 24 hours.

Furthermore, the Ocean Protocol (OCEAN) has a circulating supply of 434,026,836 OCEAN. Currently, OCEAN trades on cryptocurrency exchanges such as Binance, Bybit, MEXC, BingX and CoinW.

What is ocean protocol (ocean)?

Ocean Protocol is a blockchain-based ecosystem that allows individuals and businesses to easily unlock and monetize the value of their data through the use of ERC-20-based data tokens.

Through Ocean Protocol, publishers can monetize their data while maintaining privacy and control. At the same time, customers can now access data sets that were previously unavailable or hard to find. These datasets can be created in the Ocean Market, where they can be bought and sold.

OCEAN is a utility token used for community governance and data storage. Furthermore, the price of the data tokens is determined by the OCEAN data token AMM pool, which adjusts the price of the data token when it is bought and sold based on supply and demand.

Ocean Protocol (OCEAN) Price Prediction 2022

Ocean Protocol (OCEAN) is ranked 331 on CoinGecko at the moment. The OCEAN price forecast for 2022 is illustrated below with a daily time frame.

OCEAN/USDT Horizontal Channel Pattern (Source: TradingView)

The horizontal channel, or sideways trend, appears as a rectangular pattern. It consists of at least four nodes. This is because it needs at least two low points of connection, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing points of sale and purchase. The longer the horizontal channel, the stronger the exit movement. There is often a price on the channel after the exit. The exit most often occurs at the fourth point of contact on one of the horizontal channel lines.

Currently, the Ocean Protocol (OCEAN) price is $1.59. If the pattern continues, OCEAN price could reach the $0.1824, $0.2174 and $0.3029 resistance levels. If the trend reverses, the price of OCEAN may drop to $0.1544.

Ocean Protocol Support and Resistance Levels (OCEAN)

The chart below shows the support and resistance levels of the Ocean Protocol (Ocean).

OceanUSDT Support and Resistance Level (Source: TradingView)

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

resistance level 1 0.2417 USD
resistance level 2 US$0.3836
resistance level 3 0.6589 USD
resistance level 4 US$0.9986
Support level 1 $0.1533
Surrounding resistance and support level

The charts show that OCEAN has taken an upward trend over the past month. If this trend continues, OCEAN may work in tandem with the bulls breaking the resistance level at $0.9986.

Accordingly, if investors turn against the cryptocurrency, the price of OCEAN could drop to close to $0.1533, which is a bearish sign.

Ocean Protocol (OCEAN) forecast prices for 2022 – RVOL, MA and RSI

The relative volume (RVOL) of the perimeter (periphery) protocol 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 volume of traders. Currently, the RVOL of OCEAN is below the cutoff line, indicating weakness of participants in the current trend.

Moreover, the moving average (MA) of the Ocean Protocol (OCEAN) is shown in the above chart. Notably, OCEAN price is below 50 MA (short term), so it is quite in a downtrend. Currently, OCEAN is in a downturn. There is a possibility of a reversal of the direction of the ocean at any time.

Meanwhile, the Relative Strength Index (RSI) for the periphery is at 36.17. This means that OCEAN is almost in an oversold state. However, this gives confidence to the traders to trade without any fear.

Ocean Protocol (OCEAN) Price Prediction 2022 – ADX, RVI

Let’s now look at the average trend index (ADX) of the Ocean Protocol (Ocean). 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 above chart represents the ADX indicator for the Ocean Protocol (Ocean). Currently, OCEAN is in the range of 22.5269, which indicates a strong trend.

From the chart above, the Ocean Protocol Relative Volatility Index (RVI) (OCEAN). RVI measures the continuous deviation of price changes over a period of time. The RVI of OCEAN is below 50, which indicates high volatility. In fact, the OCEAN RSI is at 36.17 confirming a possible sell signal.

Comparison of OCEAN with BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and Ocean Protocol (OCEAN).

BTC Price Comparison vs ETH Vs OCEAN (Source: TradingView)

From the above chart, we can interpret that BTC, ETH, and OCEAN are moving in a similar direction. This indicates that when the price of BTC goes up or down, the price of ETH and OCEAN goes up or down, respectively.

Ocean Protocol Price Forecast (OCEAN) 2023

If the price action’s decrease in momentum slows down and the trend reverses, the Ocean (Ocean) protocol Likely to make $4 by 2023.

Ocean Protocol (OCEAN) forecast prices 2024

With several network upgrades, Ocean Protocol (OCEAN) may enter an upward trajectory. If the coin catches the attention of major investors, OCEAN could rise to $7 by 2024.

Ocean Protocol (OCEAN) forecast prices 2025

If Ocean Protocol (OCEAN) maintains key resistance levels and continues to be recognized as “better investment perimeter’ among investors over the next three years, the ocean will rise to $10.

Ocean Protocol Price Forecast (OCEAN) 2026

If Ocean Protocol (OCEAN) maintains key resistance levels and continues to be recognized as a better investment environment among investors over the next four years, Ocean will rise to $12.

Ocean Protocol (OCEAN) forecast prices 2027

If Ocean Protocol (OCEAN) maintains key resistance levels and continues to be recognized as a better investment environment among investors over the next five years, the ocean will rise to $15.

Ocean Protocol (OCEAN) Price Forecast 2028

If OCEAN takes a strong position as the best investment ocean over the next six years, it could see prices skyrocket. Thus, by 2028, the price of OCEAN will reach $18.

Ocean Protocol (OCEAN) forecast prices 2029

If investors flock and continue to place their bets on the Ocean Protocol (OCEAN), this will see significant upsides. The price of the ocean could reach $22 by 2029.

Ocean Protocol (OCEAN) forecast prices for 2030

With significant advances in the ocean protocol ecosystem, the crypto community may continue to invest in Ocean Protocol (OCEAN) over the next eight years, driving cryptocurrency prices up exponentially. Thus, the price of Ocean Protocol (OCEAN) could reach $25 by 2030.

conclusion

With the continuous improvements in the ocean protocol network, we can say that 2022 is a good year for the Pacific Ocean. Because of this, the forecast for an OCEAN bullish price in 2022 is $0.9986. On the other hand, the OCEAN bearish price forecast for 2022 is $0.1533.

Moreover, with developments and improvements in the ocean protocol ecosystem, the Ocean Protocol (OCEAN) performance may reach $1 to attract the attention of investors. It will also rise above all-time high (ATH) at $1.93 in the near future.

Instructions

1. What is the Ocean Protocol (OCEAN)?

Ocean Protocol is a blockchain-based ecosystem that allows individuals and businesses to easily unlock and monetize the value of their data through the use of ERC-20-based data tokens.

2. Where can you buy Ocean Protocol (OCEAN)?

Ocean Protocol (OCEAN) is listed on several cryptocurrency exchanges including Binance, Bybit, MEXC, BingX, and CoinW.

3. Will Ocean Protocol (OCEAN) reach a new ATH soon?

With developments and updates going on within the ocean protocol platform, the ocean protocol (OCEAN) has a high potential to reach ATH soon.

4. What is the current highest level (ATH) of the Ocean Protocol (OCEAN)?

On April 10, 2021, Ocean Protocol (OCEAN) reached an all-time high (ATH) at $1.93.


5. Is the Ocean Protocol (OCEAN) a good investment in 2022?

Ocean Protocol (OCEAN) appears to be one of the most gaining cryptocurrencies this year. According to the achievements of Ocean Protocol in the past few months, OCEAN is a good investment in 2022.

6. Can the Ocean Protocol (OCEAN) reach a dollar?

Ocean Protocol (OCEAN) is one of the active cryptocurrencies that continues to maintain its bullish state. Ultimately, if this uptrend continues, Ocean Protocol (OCEAN) will reach $1 soon.

7. What will be the price of the Ocean Protocol (OCEAN) by 2023?

The Ocean Protocol (OCEAN) price is expected to reach $4 by 2023.

8. What will the price of the Ocean Protocol (OCEAN) be in 2024?

The Ocean Protocol (OCEAN) price is expected to reach $7 by 2024.

9. How much will the Ocean Protocol (OCEAN) cost by 2025?

The Ocean Protocol (OCEAN) price is expected to reach $10 by 2025.

10. What will the price of the Ocean Protocol (OCEAN) be in 2026?

The Ocean Protocol (OCEAN) price is expected to reach $12 by 2026.

Disclaimer: The surroundings shown in this graph are for 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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