Velas Price Prediction — Will VLX Hit $0.5 Soon?
- Bullish VLX price prediction is $0.2932 to $0.5096.
- The VLX price will also reach $0.5 soon.
- VLX bearish market price prediction for 2022 is $0.19.
In Velas (VLX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about VLX to analyze the future movement of the cryptocurrency.
Velas Current Market Status
According to CoinGecko, the price of VLX is $0.244 with a 24-hour trading volume of $2,572,203 at the time of writing. However, VLX has decreased nearly 5.6% in the last 24 hours.
Moreover, VLX has a circulating supply of 2,266,068,627 VLX. Currently, VLX trades in cryptocurrency exchanges such as DigiFinex, KuCoin, BingX, Gate.io, and HitBTC.
What is Velas (VLX)?
Velas is an AI-powered Delegated Proof-of-Stake (AIDPOS) blockchain, open-source platform, and wide-scale ecosystem of decentralized products. Velas is working to add an AI module as an additional layer to prevent known attacks by slowing down the blockchain when the attack on the system is in progress, and accelerating the system when there is no malicious behavior in the network.
Velas (VLX) Price Prediction 2022
Velas holds the 132th position on CoinGecko right now. VLX price prediction 2022 explained below with an daily time frame.
The symmetric triangle chart pattern shows the period of consolidation that may force a price breakdown or breakout. More so, a breakdown from the lower trendline indicates the beginning of a new bearish trend. On other hand, a breakout from the upper trendline signal shows the beginning of a new bullish trend. Traders also use moving averages in conjunction with a symmetrical triangle chart pattern to trail their stop loss.
Currently, VLX is in the range of $0.244. If the pattern continues, the price of VLX might reach the resistance level of $0.33 and $0.4188. If the trend reverses, then the price of VLX may fall to $0.2434.
Velas (VLX) Support and Resistance Level
The below chart shows the support and resistance level of VLX.
From the above daily time frame, it is clear the following are the resistance and support levels of VLX.
- Resistance Level 1 – $0.2932
- Resistance Level 2 – $0.3433
- Resistance Level 3 – $0.4207
- Resistance Level 4 – $0.5096
- Support Level 1 – $0.2402
- Support Level 2 – $0.1909
The charts show that VLX has performed a bullish trend over the past month. If this trend continues, VLX might run along with the bulls overtaking its resistance level at $0.5096.
Accordingly, if the investors turn against the crypto, the price of the VLX might plummet to almost $0.1909, a bearish signal.
Velas Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of VLX 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 VLX lies below the cutoff line, indicating weaker participants in the current trend.
More so, the VLX’s Moving Average (MA) is shown in the chart above. Currently, VLX is in a bearish state. Notably, the VLX price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of VLX at any time.
Meanwhile, the relative strength index (RSI) of the VLX is at level 47.06. This means that VLX is in a nearly oversold state. However, this means a major price reversal of VLX may occur in the upcoming days. So, traders need to trade carefully.
Velas Price Prediction 2022 — ADX, RVI
Let us now look at Velas’s Average Directional Index (ADX). 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 Velas. Currently, VLX lies in the range of 14.12, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of VLX. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of VLX lies below the 50 levels, indicating that the direction of volatility is low. In fact, VLX’s RSI is at 47.06 level thus confirming a potential sell signal.
Comparison of VLX with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Velas.
From the above chart, we can identify the trend of the VLX is moving at the upward trend. But, the recent trend of BTC and ETH moves in a downward direction.
Conclusion
With continuous improvements in the Velas network, we can say that 2022 is a good year for VLX. For this reason, the bullish price prediction of Velas in 2022 is $0.5096. On the other hand, the bearish VLX price prediction for 2022 is $0.19.
Furthermore, with the advancements and upgrades on the VLX ecosystem, the performance of VLX would help to reach above its current all-time high (ATH) $0.33 very soon. But, it might also reach $0.5 if the investors believe that VLX is a good investment in 2022.
FAQ
Velas (VLX) is a high-level transactional and AI-powered crypto project.
VLX has listed on many crypto exchanges which include VLX has listed on many crypto exchanges which include DigiFinex, KuCoin, BingX, Gate.io, and HitBTC.
With the ongoing developments and upgrades within the VLX platform, it has a high possibility of reaching its ATH soon.
On Jan 04, 2022, VLX reached its new all-time high (ATH) of $0.568.
Velas (VLX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of VLX in the past few months, VLX is considered a good investment in 2022.
Velas (VLX) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Velas (VLX) will hit $0.5 soon.
Velas (VLX) price is expected to reach $1 by 2023.
Velas (VLX) price is expected to reach $1.5 by 2024.
Velas (VLX) price is expected to reach $2.2 by 2025.
Velas (VLX) price is expected to reach $3 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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