Is Scallop doing well?
Yes, since May 16, 2022, Scallop has been continually going up, increasing 23.06 percent. The 200-day line is +189.73 percent away from where the price is now. It's 30.86 percent away from the 100-day line and 15.04 percent from the 50-day line.
The Scallop Forecast for 2023
Let's look at the one-year forecast since it is the most accurate of the analysts' predictions.
Analysts offered a wide range of forecasts for the Scallop price over the next year. The most optimistic forecast for the price target was $0.22, implying an 87 percent increase in 12 months, but the worst-case scenario anticipated a fall to as low as $0.17.
The most up-to-date average price target for the year ahead is $0.19.
It carries the potential for an -0.39 decrease in value for 2023.
SCLP - Relative Strength Forecast
SCLP - Trend Prediction
SCLP - Price Volatility Prediction
SCLP - Relative Strength
SCLP - Momentum Forecast
What Does the Future Hold for Scallop In 2025-2030?
Scallop's long-term prospects look promising. The average price target for Scallop by the end of 2020 was $0.19, according to three analysts. Their five-year forecast projects the price of Scallop to be $0.19 by 2025. By 2030, the long-term prediction is $0.18.