$1.01
+ $0.08 (9.12%)
End-of-day quote: 2022-10-25
OCEAN/USD

Is Ocean Protocol on an upswing?

No, since January 7, 2022, Ocean Protocol has been in a long-term downward trend and has decreased by 21.69 percent over that period. The 200-day line is currently -74.33 percent away from the current price. It is -81.98 percent away from the 100-day line and -83.94 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 Ocean Protocol 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 Ocean Protocol price over the next year. The most optimistic predicted a 12-month price target of $1.22, implying an 87 percent raise, while the worst-case scenario would be $0.94.

The most recent average price target for the next year is $1.06, and it's the most crucial.

That equates to a potential gain of 5.22 percent.

OCEAN - Relative Strength Forecast

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

OCEAN - Trend Prediction

OCEAN - Price Volatility Prediction

OCEAN - Relative Strength

OCEAN - Momentum Forecast

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

What Does the Future Hold for Ocean Protocol?

Ocean Protocol's long-term prospects appear to be excellent. 12 analysts predicted that Ocean Protocol would reach $1.18 by March 2025. The Ocean Protocol 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 $1.52.