Chain (XCN) Price Prediction 2022 – Will XCN Hit $0.1 Soon?
- Bullish XCN price prediction for 2022 is $0.07271 to $0.15833.
- The XCN price will also reach $0.1 soon.
- Bearish XCN price prediction for 2022 is $0.04783.
In Chain (XCN) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about XCN to analyze the future movement of the cryptocurrency.
Chain (XCN) Current Market Status
According to CoinGecko, the price of Chain (XCN) is $0.052440 with a 24-hour trading volume of $13,535,533 at the time of writing. However, XCN has decreased to 1.3% in the last 24 hours.
Moreover, Chain (XCN) has a circulating supply of 21,482,880,980 XCN. Currently, XCN trades in cryptocurrency exchanges such as KuCoin, Coinbase Exchange, Gate.io, Huobi Global, MEXC.
What is Chain (XCN)?
XCN is an Ethereum token that governs Chain Protocol and is used to vote on protocol improvements and various community-driven programs. Chain Protocol is a multi-asset, shared, and cryptographically secure ledger infrastructure, founded in 2014. XCN is also used for discounts, premium access, and as a payment method for commercial fees on Sequence and other Chain ecosystem products.
Chain (XCN) Price Prediction 2022
Chain (XCN) holds the 53rd position on CoinGecko right now. XCN price prediction 2022 is explained below with a daily time frame.
The above chart of Chain (XCN) laid out the Horizontal Channel pattern. Horizontal Channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
Currently, Chain (XCN) is at $0.05099. If the pattern continues, the price of XCN might reach the resistance level of $0.07052, and $0.09377. If the trend reverses, then the price of XCN may fall to $0.05851 and $0.04872.
Chain (XCN) Support and Resistance Levels
The chart below shows the support and resistance levels of Chain (XCN).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Chain (XCN).
| Resistance Level 1 | $0.07271 |
| Resistance Level 2 | $0.09483 |
| Resistance Level 3 | $0.11813 |
| Resistance Level 4 | $0.15833 |
| Support Level | $0.04783 |
The charts show that XCN has performed a bullish trend over the past month. If this trend continues, XCN might run along with the bulls overtaking its resistance level at $0.15833.
Accordingly, if the investors turn against the crypto, the price of the XCN might plummet to almost $0.04783, a bearish signal.
Chain (XCN) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Chain (XCN) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of XCN lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Chain (XCN) is shown in the above chart. Notably, the XCN price lies below 50 MA (short-term), so it is completely in a downtrend trend. Currently, XCN is in a bullish state. There is a possibility of a reversal trend of XCN at any time.
Meanwhile, the relative strength index (RSI) of the XCN is at a level of 39.91. This means that XCN is nearly an overslod state. However, this gives confidence to the traders to trade without any fear.
Chain (XCN) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of Chain (XCN). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Chain (XCN). Currently, XCN lies in the range of 14.544, indicating a weak trend.
From the above chart, the Relative Volatility Index (RVI) of Chain (XCN). RVI measures the constant deviation of price changes over a period of time. The RVI of XCN lies below 50, indicating low volatility. In fact, XCN’s RSI is at 39.93, thus confirming a potential buy signal.
Comparison of XCN with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Chain (XCN).
From the above chart, we can interpret ETH and XCN are moving in a similar trend. This indicates that when the price of ETH increases or decreases, the price of XCN also increases or decreases respectively.
Chain (XCN) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Chain (XCN) might probably attain $0.5 by 2023.
Chain (XCN) Price Prediction 2024
With several upgrades in the network, Chain (XCN) might enter a bullish trajectory. If the coin grabs the attention of major investors, XCN might rally to hit $1 by 2024.
Chain (XCN) Price Prediction 2025
If Chain (XCN) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, XCN will rally to hit $3.
Chain (XCN) Price Prediction 2026
If Chain (XCN) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, XCN would rally to hit $5.
Chain (XCN) Price Prediction 2027
If Chain (XCN) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, XCN would rally to hit $7.
Chain (XCN) Price Prediction 2028
If Chain (XCN) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, XCN would hit $9.
Chain (XCN) Price Prediction 2029
If investors flock in and continue to place their bets on Chain (XCN), it would witness major spikes. XCN might hit $11 by 2029.
Chain (XCN) Price Prediction 2030
With greater advancements in the Chain ecosystem, the crypto community might continue to invest in Chain (XCN) for the next 8 years and drive significant price rallies for the token. Hence, Chain (XCN) might hit $13 by 2030.
Conclusion
With continuous improvements in the Chain network, we can say that 2022 is a good year for XCN. For this reason, the bullish price prediction of Chain (XCN) in 2022 is $0.15833. On the other hand, the bearish price prediction of Chain (XCN) for 2022 is $0.04783.
Furthermore, with the advancements and upgrades in the Chain ecosystem, the performance of Chain (XCN) might hit $0.1 gaining investors’ attention. It would also rise above its all-time high (ATH) of $0.184139 in the near future.
FAQ
XCN is an Ethereum token that governs Chain Protocol and used to vote on protocol improvements and various community driven programs. XCN is used to vote on protocol improvements and various community-driven programmes.
Chain (XCN) has been listed on many crypto exchanges which include BiKuCoin, Coinbase Exchange, Gate.io, Huobi Global, MEXC.
With the ongoing developments and upgrades within the Chain platform, Chain (XCN) has a high possibility of reaching its ATH soon.
On May 27, 2022, XCN reached its new all-time high (ATH) of $0.184139.
Chain (XCN) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Chain in the past few months, XCN is considered a good investment in 2022.
Chain (XCN) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Chain (XCN) will hit $0.1 soon.
Chain (XCN) price is expected to reach $0.5 by 2023.
Chain (XCN) price is expected to reach $1 by2024.
Chain (XCN) price is expected to reach $3 by 2025.
Chain (XCN) price is expected to reach $5 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
