Is Novacoin on an upswing?
No, since November 15, 2021, Novacoin has been in a long-term downward trend and has decreased by -58.45 percent over that period. The 200-day line is currently -21.23 percent away from the current price. It is -36.95 percent away from the 100-day line and -41.53 percent away from the 50-day line.
The Novacoin 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 Novacoin price over the next year. The most optimistic predicted a 12-month price target of $1.44, implying an 87 percent raise, while the worst-case scenario would be $1.09.
The most recent average price target for the next year is $1.24, and it's the most crucial.
That equates to a potential gain of 1.17 percent.
NVC - Relative Strength Forecast
NVC - Trend Prediction
NVC - Price Volatility Prediction
NVC - Relative Strength
NVC - Momentum Forecast
What Does the Future Hold for Novacoin?
Novacoin's long-term prospects appear to be excellent. 13 analysts predicted that Novacoin would reach $1.27 by March 2025. The Novacoin price is expected to be $1.30 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $1.35.