- Bullish RLY price prediction is $0.07005 to $0.49405.
- The RLY price will also reach $1 soon.
- RLY bearish market price prediction for 2022 is $0.0291.
In Rally’s (RLY) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about RLY to analyze the future movement of the cryptocurrency.
Rally Current Market Status
According to CoinGecko, the price of RLY is $0.0354 with a 24-hour trading volume of $2,307,797 at the time of writing. However, RLY has decreased nearly 6.26% in the last 24 hours.
Moreover, RLY has a circulating supply of 3,199,400,680 RLY. Currently, RLY trades in cryptocurrency exchanges such as Binance, OKX, Bitget, CoinW, KuCoin, and MEXC.
What is Rally (RLY)?
Rally (RLY) is an Ethereum token that powers the Rally network. Rally allows creators and online communities to launch their own cryptocurrencies. By creating these so-called “social tokens,” fans can gain access to benefits like unreleased content or merchandise, while creators can unlock new forms of revenue.
Rally (RLY) Price Prediction 2022
Rally holds the 238th position on CoinGecko right now. RLY price prediction 2022 is explained below with a 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, RLY is in the range of $0.03549. If the pattern continues, the price of RLY might reach the resistance level of $0.0700, $0.1310, $0.2640, and $0.4940. If the trend reverses, then the price of RLY may fall to $0.0291.
Rally (RLY) Support and Resistance Level
The below chart shows the support and resistance level of RLY.
From the above daily time frame, it is clear the following are the resistance and support levels of 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 a bullish trend over the past month. If this trend continues, RLY might run along with the bulls overtaking its resistance level at $0.4940.
Accordingly, if the investors turn against the crypto, the price of the RLY might plummet to almost $0.0291, a bearish signal.
Rally Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of RLY 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 RLY lies below the cutoff line, indicating weaker participants in the current trend.
More so, the RLY’s Moving Average (MA) is shown in the chart above. Currently, RLY is in a bearish state. Notably, the RLY 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 RLY at any time.
Meanwhile, the relative strength index (RSI) of the RLY is at level 33.76. This means that RLY is in a nearly oversold state. However, this means a major price reversal of RLY may occur in the upcoming days. So, traders need to trade carefully.
Rally Price Prediction 2022 — ADX, RVI
Let us now look at Rally’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 Rally. Currently, RLY lies in the range of 17.26, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of RLY. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of RLY lies below the 50 levels, indicating high volatility. In fact, RLY’s RSI is at 33.76 level thus confirming a potential sell signal.
Comparison of RLY with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Rally.
From the above chart, we can identify the trend of the ETH, BTC and RLY is moving at the same level as the trend. 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 Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Rally (RLY) might probably attain $1.5 by 2023.
Rally (RLY) Price Prediction 2024
With several upgrades in the network, Rally (RLY) might enter a bullish trajectory. If the coin grabs the attention of major investors, RLY might rally to hit $2.1 by 2024.
Rally (RLY) Price Prediction 2025
If Rally (RLY) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, RLY would rally to hit $3.
Rally (RLY) Price Prediction 2026
If Rally (RLY) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, RLY would rally to hit $3.8.
Rally (RLY) Price Prediction 2027
If Rally (RLY) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, RLY would rally to hit $4.3.
Rally (RLY) Price Prediction 2028
If Rally (RLY) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, RLY would hit $5.2.
Rally (RLY) Price Prediction 2029
If investors flock in and continue to place their bets on Rally (RLY) , it would witness major spikes. RLY might hit $6 by 2029.
Rally (RLY) Price Prediction 2030
With greater advancements in the Rally ecosystem, the crypto community might continue to invest in Rally (RLY) for the next 8 years and drive significant price rallies for the token. Hence, Rally (RLY) might hit $6.9 by 2030.
Conclusion
With continuous improvements in the Rally network, we can say that 2022 is a good year for RLY. For this reason, the bullish price prediction of Rally in 2022 is $0.49. On the other hand, the bearish RLY price prediction for 2022 is $0.029.
Furthermore, with the advancements and upgrades on the RLY ecosystem, the performance of RLY would help to reach above its current all-time high (ATH) $1.40 very soon. But, it might also reach $0.49 if the investors believe that RLY is a good investment in 2022.
FAQ
Rally (RLY) is an Ethereum token that powers the Rally network. Rally allows creators and online communities to launch their own cryptocurrencies.
RLY has listed on many crypto exchanges which include Binance, OKX, Bitget, CoinW, KuCoin, and MEXC.
With the ongoing developments and upgrades within the RLY platform, it has a high possibility of reaching its ATH soon.
On March 31, 2021, RLY reached its new all-time high (ATH) of $1.40.
Rally (RLY) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of RLY in the past few months, RLY is considered a good investment in 2022.
Rally (RLY) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Rally (RLY) will hit $1 soon.
Rally (RLY) price is expected to reach $1.5 by 2023.
Rally (RLY) price is expected to reach $2.1 by 2024.
Rally (RLY) price is expected to reach $3 by 2025.
Rally (RLY) price is expected to reach $3.8 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.
Source: https://thenewscrypto.com/rally-price-prediction-2022-will-rly-hit-1-soon/