cryptocurrency

Predicting a price hike 2022 – Will RLY reach $1 soon?

  • RLY bullish price forecast is $0.07005 to $0.49405.
  • RLY will also hit $1 soon.
  • RLY bearish market price prediction for 2022 is $0.0291.

In Rally Price Prediction (RLY) for 2022, we use statistics, price patterns, RSI, RVOL and many other information about RLY to analyze the future movement of cryptocurrencies.

Gathering the current market situation

according to Queen GekkoRLY price is $0.0354 with a 24-hour trading volume of $2,307,797 at the time of writing. However, the RLY rate has decreased by approximately 6.26% in the last 24 hours.

Furthermore, RLY has a circulating supply of 3,199,400,680 RLY. Currently, RLY trades on cryptocurrency exchanges such as Binance, OKX, Bitget, CoinW, KuCoin and MEXC.

What is a rally (raleigh)?

Rally (RLY) is the Ethereum token that powers the Rally Network. Rally allows creators and online communities to launch their own cryptocurrency. By creating these so-called “social tokens,” fans can access benefits like unreleased content or merchandise, while content creators can get new forms of revenue.

gathering (RLY) Price Prediction 2022

Rally ranks 238th on CoinGecko right now. The RLY price forecast for 2022 is shown below on a daily time frame.

Symmetrical Triangle Pattern RLY / USDT (Source: TradingView)

The symmetrical triangle chart pattern shows the period of consolidation that may force a price crash or breakout. More so, a breakout from the lower trend line signals the start of a new downtrend. On the other hand, the breakout from the upper trendline signal shows the start of a new uptrend. Traders also use moving averages along with a symmetrical triangle chart pattern to track their stop loss.

Currently, RLY is in the $0.03549 range. If the trend continues, RLY price could reach the $0.0700, $0.1310, $0.2640 and $0.4940 resistance levels. If the trend reverses, RLY price may drop to $0.0291.

gathering (RLY) support and resistance level

The chart below shows the support and resistance level for RLY.

RLYUSDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear that what follows are the resistance and support levels for RLY.

  • Resistance Level 1 – $0.0700
  • Resistance Level 2 – $0.1310
  • Resistance Level 3 – $0.2640
  • Resistance Level 4 – $0.4940
  • Support Level – $0.0291

The charts show that RLY has performed an upward trend over the past month. If this trend continues, RLY may work in tandem with the bulls taking out the resistance at $0.4940.

Accordingly, if investors turn against the cryptocurrency, the price of RLY could drop to close to $0.0291, which is a bearish sign.

Rally price prediction 2022 – RVOL, MA and RSI

The relative volume (RVOL) of RLY 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 volume of traders. Currently, the RVOL of RLY is below the cutoff line, indicating weaker participants in the current trend.

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

More so, the RLY Moving Average (MA) is shown in the above chart. Currently, RLY is in a downturn. Notably, the price of RLY is below 50 MA (short term), so it is quite in a downtrend. Therefore, there is a possibility of RLY trend reversing at any time.

Meanwhile, the Relative Strength Index (RSI) for RLY is at 33.76. This means that RLY is almost in an oversold state. However, this means that a major reversal of the RLY price may occur in the coming days. Therefore, traders need to trade carefully.

gathering Price Prediction 2022 – ADX, RVI

Let’s now take a look at the Rally Average Directional Indicator (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.

RLY / USDT ADX, RVI (Source: TradingView)

The chart above represents the ADX Rally indicator. Currently, RLY is in the 17.26 range, so it indicates a strong trend.

From the chart above, RLY’s Relative Volatility Index (RVI). RVI measures the continuous skewness of price changes over a period of time rather than price changes. RVI for RLY is below 50 levels, indicating high volatility. In fact, the RSI is at 33.76 confirming a possible sell signal.

Compare RLY with BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and Rally.

BTC Vs ETH Vs RLY Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of ETH, BTC and RLY moving in the same trend level. This indicates that when the price of BTC increases or decreases, the price of ETH and RLY also increases or decreases, respectively.

Rally (RLY) Price Forecast 2023

If the price action completely slows down the momentum and reverses, the rally (RLY) is likely to reach $1.5 by 2023.

Rally (RLY) Price Forecast 2024

With several network upgrades, Rally (RLY) may enter an upward trajectory. If the coin grabs the attention of major investors, the RLY could rise to $2.1 by 2024.

Rally (RLY) Price Forecast 2025

If Rally (RLY) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, RLY will rise to $3.

Rally (RLY) Price Forecast 2026

If Rally (RLY) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, RLY will rise to $3.8.

Rally (RLY) Price Forecast 2027

If Rally (RLY) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, RLY will rise to $4.3.

Rally (RLY) Price Forecast 2028

If Rally (RLY) holds a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, RLY will reach $5.2.

Rally (RLY) Price Forecast 2029

If investors flock and continue to place their bets on Rally (RLY), it will see big spikes. RLY could reach $6 by 2029.

Rally (RLY) Price Forecast 2030

With greater developments taking place in the Rally ecosystem, the cryptocurrency community may continue to invest in Rally (RLY) over the next eight years, driving up cryptocurrency prices exponentially. Thus, Rally (RLY) could reach $6.9 by 2030.

conclusion

With the continuous improvements in the Rally network, we can say that 2022 is a good year for RLY. Because of this, the bullish price forecast to rise in 2022 is $0.49. On the other hand, the bearish RLY price prediction for 2022 is $0.029.

Moreover, with developments and updates on the RLY ecosystem, it will help RLY’s performance to reach an all-time high (ATH) of $1.40 very soon. But, it could also reach $0.49 if investors think RLY is a good investment in 2022.

Instructions

1. What is Raleigh?

Rally (RLY) is the Ethereum token that powers the Rally Network. Rally allows creators and online communities to launch their own cryptocurrency.

2. Where can you buy RLY?

RLY is listed on several cryptocurrency exchanges including Binance, OKX, Bitget, CoinW, KuCoin, and MEXC.

3. Will RLY reach a new ATH soon?

With the continuous developments and updates within the RLY platform, it has a great potential to reach ATH soon.

4. What is the all-time high (ATH) of a pool?

On March 31, 2021, RLY reached an all-time high (ATH) of $1.40.

5. Is RLY a good investment in 2022?

Rally (RLY) appears to be one of the most profitable cryptocurrencies this year. According to the recorded achievements of RLY in the past few months, RLY is a good investment in 2022.

6. Can Rally (RLY) reach $1?

Rally (RLY) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this uptrend continues, Rally (RLY) will reach $1 soon.

7. What will be the price of RLY by 2023?

The Price Rise (RLY) is expected to reach $1.5 by 2023.

8. What will the price of RLY be in 2024?

The price of Rally (RLY) is expected to reach $2.1 by 2024.

9. How much will RLY cost by 2025?

The price of Rally (RLY) is expected to reach $3 by 2025.

10. What will be the price of RLY by 2026?

The price of Rally (RLY) is expected to reach $3.8 by 2026.

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

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