Is MultiversX on an upswing?
No, since April 4, 2022, MultiversX has been in a long-term downward trend and has decreased by -77.59 percent over that period. The 200-day line is currently 88.45 percent away from the current price. It is 36.84 percent away from the 100-day line and 23.77 percent away from the 50-day line.
The MultiversX 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 MultiversX price over the next year. The most optimistic predicted a 12-month price target of $49.40, implying an 87 percent raise, while the worst-case scenario would be $37.41.
The most recent average price target for the next year is $42.68, and it's the most crucial.
This means that MultiversX has a potential -0.35% decrease in value for 2023.
EGLD - Relative Strength Forecast
EGLD - Trend Prediction
EGLD - Price Volatility Prediction
EGLD - Relative Strength
EGLD - Momentum Forecast
What Does the Future Hold for MultiversX?
MultiversX's long-term prospects appear to be excellent. 9 analysts predicted that MultiversX would reach $42.38 by March 2025. The MultiversX price is expected to be $42.09 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $41.65.