- Bullish NKN price prediction is $0.1668 to $0.9803.
- NKN (NKN) price might also reach $1 soon.
- Bearish NKN price prediction for 2022 is $0.0610.
In NKN (NKN) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about NKN to analyze the future movement of the cryptocurrency.
NKN (NKN) Current Market Status
According to CoinGecko, the price of NKN (NKN) is $0.117301 with a 24-hour trading volume of $12,199,022 at the time of writing. However, NKN has decreased by nearly 1% in the last 24 hours.
Moreover, NKN (NKN) has a circulating supply of 650,000,000 NKN. Currently, NKN (NKN) trades in cryptocurrency exchanges such as Binance, Coinbase Exchange, WhiteBIT, Upbit, DigiFinex
What is NKN (NKN)?
NKN is the native cryptocurrency of the NKN, an open-source, peer-to-peer network that enables internet users to share a network connection and capacity in exchange for prizes paid in NKN. The NKN token is an ERC-20 utility token that acts as a reward and a means of payment for network services. With a 1 billion NKN initial supply, the cryptocurrency was made available via an ICO in April 2018.
NKN (NKN) Price Prediction 2022
NKN (NKN) holds the 330th position on CoinGecko right now. NKN price prediction 2022 is explained below with a daily time frame.
The above chart of NKN (NKN) laid out an Ascending Channel. Ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
Currently, NKN (NKN) is in the range of $0.1193 If the pattern continues, the price of NKN might reach the resistance levels of $0.1567 and $0.2303 If the trend reverses, then the price of NKN may fall to $0.0869 and $0.0642.
NKN (NKN) Support and Resistance Levels
The chart below shows the support and resistance levels of NKN (NKN).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for NKN (NKN).
| Resistance Level 1 | $0.1668 |
| Resistance Level 2 | $0.3363 |
| Resistance Level 3 | $0.5716 |
| Resistance Level 4 | $0.9803 |
| Support Level | $0.0610 |
The charts show that NKN (NKN) has performed a bullish trend over the past month. If this trend continues, NKN might run along with the bulls overtaking its resistance level at$0.9803.
Accordingly, if the investors turn against crypto, the price of NKN (NKN) might plummet to almost $0.0610, a bearish signal.
NKN (NKN) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of NKN (NKN) 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 NKN lies above the cutoff line, indicating strong participants in the current trend.
Also, the Moving Average (MA) of NKN (NKN) is shown in the chart above. Notably, NKN (NKN) price lies above 50 MA (short-term), so it is in an uptrend. Currently, NKN has entered a bullish state. Therefore, there is a possibility of a reversal trend of NKN at any time.
Meanwhile, the relative strength index (RSI) of the NKN is 52.48. This means that NKN (NKN) is in an overbought state. However, this means a major price reversal of NKN may occur in the upcoming days. So, traders need to trade carefully.
NKN (NKN) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of NKN (NKN). 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 NKN (NKN). Currently, the ADX of NKN lies in the range of 44.2050 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of NKN (NKN). RVI measures the constant deviation of price changes over a period of time. The RVI of NKN lies below 50, indicating low volatility. In fact, the RSI of NKN (NKN) is at 52.48 thus confirming a potential sell signal.
Comparison of NKN with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and NKN (NKN).
NKN (NKN) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, NKN (NKN) might probably attain $3 by 2023.
NKN (NKN) Price Prediction 2024
With several upgrades in the network, NKN (NKN) might enter a bullish trajectory. If the coin grabs the attention of major investors, NKN might rally to hit $5 by 2024.
NKN (NKN) Price Prediction 2025
If NKN (NKN) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, NKN would rally to hit $7
NKN (NKN) Price Prediction 2026
If NKN (NKN) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, NKN would rally to hit $9
NKN (NKN) Price Prediction 2027
If NKN (NKN) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, NKN would rally to hit $11
NKN (NKN) Price Prediction 2028
If NKN (NKN) 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, NKN would hit $13 in 2028.
NKN (NKN) Price Prediction 2029
If investors flock in and continue to place their bets on NKN (NKN), it would witness major spikes. NKN might hit $15by 2029.
NKN (NKN) Price Prediction 2030
With greater advancements in the NKNecosystem, the crypto community might continue to invest in NKN for the next 8 years and drive significant price rallies for the token. Hence, NKN (NKN) might hit $17 by 2030.
Conclusion
With continuous improvements in the NKN network, we can say that 2022 is a good year for NKN. For this reason, the bullish price prediction of NKN (NKN) in 2022 is $0.9803. On the other hand, the bearish price prediction of NKN (NKN) price prediction for 2022 is $0.0610
Furthermore, with the advancements and upgrades to the NKN ecosystem, the performance of NKN would help to reach above its current all-time high (ATH) of $ $41.44 very soon. But, it might also reach $1 if the investors believe that NKN is a good investment in 2022.
FAQ
NKN is the native cryptocurrency of the NKN, an open-source, peer-to-peer network that enables internet users to share a network connection and capacity in exchange for prizes paid in NKN.
NKN (NKN) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, WhiteBIT, Upbit, DigiFinex
With the ongoing developments and upgrades within the NKN platform, NKN has a high possibility of reaching its ATH soon.
On April 09, 2021 NKN (NKN) reached its new all-time high (ATH) of $1.44.
NKN (NKN) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of NKN in the past few months, NKN is considered a good investment in 2022.
NKN (NKN) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then NKN (NKN) will hit $1 soon.
NKN (NKN) price is expected to reach $3 by 2023.
NKN (NKN) price is expected to reach $5 by 2024.
NKN (NKN) price is expected to reach $7 by 2025.
NKN (NKN) price is expected to reach $9 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/nkn-nkn-price-prediction-2022-will-nkn-hit-1-soon/