$42.83
+ $1.19 (2.86%)
End-of-day quote: 2022-10-17
EGLD/USD

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.

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

MultiversX broke through the 25 strength line from above on 2022-07-07 and then changed into a weak trend, which thereby generated sell signals that lasted one month. Mid Oct 2022 we see how the relative strength falls from above 25 to below 25. Thus, MultiversX has been in a sell signal since 2022-10-14.

EGLD - Trend Prediction

EGLD - Price Volatility Prediction

From 09/12/2022 we see a strong MultiversX above the moving average causing rising prices of MultiversX. From early Oct 2022 we then see a strong MultiversX, which then triggers a buy signal.

EGLD - Relative Strength

From 09/27/2022 to 09/28/2022 MultiversX was so oversold that this led to a reversal trend. Mid Oct 2022 we then see MultiversX developing more and more strength, which is a buy signal.

EGLD - Momentum Forecast

Mid Oct 2022 MultiversX left the overbought zone to the downside, resulting in a short-term negative change in trend. In October we then see weak volatility for MultiversX for a longer period of time which led to negative signals for MultiversX.

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.