- Bullish HEX price prediction is $0.0369 to $0.1718.
- HEX (HEX) price might also reach $0.5 soon.
- Bearish HEX price prediction for 2022 is $0.0283.
In HEX (HEX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about HEX to analyze the future movement of the cryptocurrency.
HEX (HEX) Current Market Status
According to CoinGecko, the price of HEX (HEX) is $ 0.0331 with a 24-hour trading volume of $10,337,971 at the time of writing. However, HEX has decreased by nearly 0.8% in the last 24 hours.
Moreover, HEX (HEX) trades in cryptocurrency exchanges such as Uniswap, Sushiswap, Quickswap, FMFW.io and YoBit.
What is HEX (HEX)?
HEX is an ERC20 token.It was launched in 2019,by Richard Heart. In order to replace certificates of deposit, which are utilized in traditional financial markets, HEX is designed to be used as a store of value.And HEX utilize Proof of Wait (PoWa) instead of Proof of Work (PoW) .PoWa is a prime example of withholding comfort in order to gain later.
HEX holders can stake batches of HEX tokens for predetermined periods of time, just as traditional CDs give an improved interest rate to consumers who agree to leave a solid mass deposit unopened for a predetermined period of time. They cannot access those tokens during this time without experiencing severe penalties, but after the allotted time period has passed. HEX holders will be able to receive HEX rewards.
HEX (HEX) Price Prediction 2022
HEX price prediction 2022 is explained below with a daily time frame.
The above chart of HEX 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, HEX (HEX) is in the range of $0.03314. If the pattern continues, the price of HEX might reach the resistance levels of $0.0369 and $0.047. If the trend reverses, then the price of HEX may fall to $0.0283.
HEX (HEX) Support and Resistance Levels
The chart below shows the support and resistance levels of HEX (HEX).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for HEX (HEX).
- Resistance Level 1 – $0.0580
- Resistance Level 2 – $0.0912
- Resistance Level 3 – $0.1718
- Support Level -$0.0292
The charts show that HEX (HEX) has performed a bullish trend over the past month. If this trend continues, HEX might run along with the bulls overtaking its resistance level at $0.1718.
Accordingly, if the investors turn against the crypto, the price of HEX (HEX) might plummet to almost $0.0292, a bearish signal.
HEX (HEX) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of HEX (HEX) 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 HEX lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of HEX (HEX) is shown in the chart above. Notably, the HEX (HEX) price lies below 50 MA (short-term), so it is downward. Currently, HEX has entered a bearish state. Therefore, there is a possibility of a reversal trend of HEX at any time.
Meanwhile, the relative strength index (RSI) of the HEX is 42.48. This means that HEX (HEX) is in an nearly oversold state. However, this means a major price reversal of HEX may occur in the upcoming days. So, traders need to trade carefully.
HEX (HEX) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of HEX (HEX). 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 HEX (HEX). Currently, the ADX of HEX lies in the range of 24.66 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of HEX (HEX). RVI measures the constant deviation of price changes over a period of time. The RVI of HEX lies below 50, indicating low volatility. In fact, the RSI of HEX (HEX) is at 42.48 thus confirming a potential sell signal.
Comparison of HEX with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and HEX (HEX).
From the above chart, we can interpret that the price action of HEX is similar to BTC. This indicates that when the price of BTC increases, the price of HEX increases.When the price of BTC decreases,the price of HEX decreases.
HEX (HEX) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, HEX (HEX) might probably attain $1 by 2023.
HEX (HEX) Price Prediction 2024
With several upgrades in the network, HEX (HEX) might enter a bullish trajectory. If the coin grabs the attention of major investors, HEX might rally to hit $3 by 2024.
HEX (HEX) Price Prediction 2025
If HEX (HEX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, HEX would rally to hit $5.
HEX (HEX) Price Prediction 2026
If HEX (HEX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, HEX would rally to hit $7.
HEX (HEX) Price Prediction 2027
If HEX (HEX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, HEX would rally to hit $9.
HEX (HEX) Price Prediction 2028
HEX (HEX) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, HEX would hit $11 in 2028.
HEX (HEX) Price Prediction 2029
If investors flock in and continue to place their bets on HEX (HEX), it would witness major spikes. HEX might hit $13 by 2029.
HEX (HEX) Price Prediction 2030
With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in HEX for the next 8 years and drive significant price rallies for the token. Hence, HEX (HEX) might hit $15 by 2030.
Conclusion
With continuous improvements in the HEX Network, we can say that 2022 is a good year for HEX. For this reason, the bullish price prediction of HEX (HEX) in 2022 is $0.1718. On the other hand, the bearish price prediction of HEX (HEX) price prediction for 2022 is $0.0292.
Furthermore, with the advancements and upgrades to the HEX ecosystem, the performance of HEX would help to reach above its current all-time high (ATH) of $ 0.510830 very soon. But, it might also reach $0.5 if the investors believe that HEX is a good investment in 2022.
FAQ
HEX is an ERC20 token.It was launched in 2019,by Richard Heart. In order to replace certificates of deposit, which are utilized in traditional financial markets, HEX is designed to be used as a store of value.And HEX utilize Proof of Wait (PoWa) instead of Proof of Work (PoW).
HEX (HEX) has been listed on many crypto exchanges which include Uniswap, Sushiswap, Quickswap, FMFW.io and YoBit.
With the ongoing developments and upgrades within the Basic Attention Token Platform, HEX has a high possibility of reaching its ATH soon.
On September 19, 2021, HEX reached its new all-time high (ATH) of $0.510830 .
HEX (HEX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Basic Attention Token In the past few months, HEX is considered a good investment in 2022.
HEX (HEX) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then HEX (HEX) will hit $0.5soon.
HEX (HEX) price is expected to reach $1 by 2023.
HEX (HEX) price is expected to reach $3 by 2024.
HEX (HEX) price is expected to reach $5 by 2025.
HEX (HEX) price is expected to reach $7 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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Source: https://thenewscrypto.com/hex-coin-price-prediction