Is DeFi Pulse Index on an upswing?
No, since November 27, 2021, DeFi Pulse Index has been in a long-term downward trend and has decreased by -73.4 percent over that period. The 200-day line is currently 30.05 percent away from the current price. It is 4.17 percent away from the 100-day line and -2.19 percent away from the 50-day line.
The DeFi Pulse Index Forecast for 2023
Let's take a deeper look at the one-year forecast since it is the most precise of the analysts' forecasts.
Analysts had a wide range of forecasts for the DeFi Pulse Index price over the next year. The most optimistic predicted a 12-month price target of $100.32, implying an 87 percent raise, while the worst-case scenario would be $76.11.
The most recent average price target for the next year is $86.75, and it's the most crucial.
That equates to a potential gain of 0.33 percent.
DPI - Relative Strength Forecast
DPI - Trend Prediction
DPI - Price Volatility Prediction
DPI - Relative Strength
DPI - Momentum Forecast
What Does the Future Hold for DeFi Pulse Index?
DeFi Pulse Index's long-term prospects appear to be excellent. 3 analysts predicted that DeFi Pulse Index would reach $87.32 by March 2025. The DeFi Pulse Index price is expected to be $87.90 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $88.77.