Is Ergo on an upswing?
No, since September 18, 2022, Ergo has been in a long-term downward trend and has decreased by -59.69 percent over that period. The 200-day line is currently 147.98 percent away from the current price. It is 124.06 percent away from the 100-day line and 119.93 percent away from the 50-day line.
The Ergo 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 Ergo price over the next year. The most optimistic predicted a 12-month price target of $1.49, implying an 87 percent raise, while the worst-case scenario would be $1.13.
The most recent average price target for the next year is $1.29, and it's the most crucial.
This means that Ergo has a potential -0.05% decrease in value for 2023.
ERG - Relative Strength Forecast
ERG - Trend Prediction
ERG - Price Volatility Prediction
ERG - Relative Strength
ERG - Momentum Forecast
What Does the Future Hold for Ergo?
Ergo's long-term prospects appear to be excellent. 10 analysts predicted that Ergo would reach $1.29 by March 2025. The Ergo price is expected to be $1.29 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $1.28.