$3.58
$-0.07 (-1.89%)
End-of-day quote: 2022-10-17
BAL/USD

The question is if Balancer is currently on an uptrend?

According to the data, since April 10, 2022, Balancer has been steadily decreasing and has gone down -79.08%. Concerning the 200-day moving average line, 126.45 is currently 71.45% above it. It is also 55.96% above the 100-day moving average line and __val__% above the 50-day moving average line.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

Predictions for the price of Balancer in 2023

Let's examine the one-year forecast more closely since it is the most precise of the analysts' forecasts.

Analysts were divided in their predictions for the Balancer price over the next year. The highest forecast predicted a one-year price target of $4.13. However, the most pessimistic forecast was $3.12.

The latest average price target for the next year is $3.56, which is the most vital figure.

This means that Balancer could drop by -0.43% in value during 2023.

BAL - Relative Strength Forecast

Balancer has broken the 25 strength line from below on 2022-08-13 and then changed into a strong trend, which thereby generated buy signals that lasted one month. Late Sep 2022 we see how the relative strength falls from above 25 to below 25. Thus, Balancer has been in a sell signal since 2022-09-27.

BAL - Trend Prediction

BAL - Price Volatility Prediction

From 09/13/2022 we see a strong Balancer above the moving average causing rising prices of Balancer. From mid Oct 2022 we then see a strong Balancer, which then triggers a buy signal.

BAL - Relative Strength

From 09/10/2022 to 09/11/2022 Balancer was so overbought that this led to a reversal trend. Early Oct 2022 we then see Balancer developing more and more weakness, which is a sell signal.

BAL - Momentum Forecast

Mid Oct 2022 Balancer left the oversold zone to the upside, which led to a short-term _-val__ change in trend. In October we then see weak volatility for Balancer for a longer period of time which led to negative signals for Balancer.

Balancer's Prospects For 2025-2030

Balancer's future looks promising. According to eight analysts, Balancer is expected to reach $3.53 by March 2025. The five-year forecast projects that the Balancer price will be $3.50 by March 2027. The long-term prediction for 2030 is $3.46.