The question is if Covalent is currently on an uptrend?
No, the price is not above any of the three moving averages and is, therefore, in a downtrend.
Predictions for the price of Covalent 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 Covalent price over the next year. The highest forecast predicted a one-year price target of $0.22. However, the most pessimistic forecast was $0.17.
The latest average price target for the next year is $0.19, which is the most vital figure.
This indicates a possible increase of 0.89 percent.
CQT - Relative Strength Forecast
CQT - Trend Prediction
CQT - Price Volatility Prediction
CQT - Relative Strength
CQT - Momentum Forecast
Covalent's Prospects For 2025-2030
Covalent's future looks promising. According to two analysts, Covalent is expected to reach $0.20 by March 2025. The five-year forecast projects that the Covalent price will be $0.20 by March 2027. The long-term prediction for 2030 is $0.20.