$0.09
$0.00 (-4.18%)
End-of-day quote: 2022-10-26
FRM/USD

Is Ferrum Network on an upswing?

No, since December 6, 2021, Ferrum Network has been in a long-term downward trend and has decreased by -62.5 percent over that period. The 200-day line is currently -48.29 percent away from the current price. It is -67.07 percent away from the 100-day line and -68.96 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 Ferrum Network 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 Ferrum Network price over the next year. The most optimistic predicted a 12-month price target of $0.11, implying an 87 percent raise, while the worst-case scenario would be $0.08.

The most recent average price target for the next year is $0.09, and it's the most crucial.

That equates to a potential gain of 2.66 percent.

FRM - Relative Strength Forecast

Ferrum Network broke through the 25 strength line from above on and then changed into a trend, which thereby generated sell signals that lasted one month.

FRM - Trend Prediction

FRM - Price Volatility Prediction

FRM - Relative Strength

FRM - Momentum Forecast

In we then see weak volatility for Ferrum Network for a longer period of time which led to negative signals for Ferrum Network.

What Does the Future Hold for Ferrum Network?

Ferrum Network's long-term prospects appear to be excellent. 11 analysts predicted that Ferrum Network would reach $0.10 by March 2025. The Ferrum Network price is expected to be $0.10 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $0.11.