$1.75
$-0.08 (-4.21%)
End-of-day quote: 2022-10-25
SOV/USD

Is Sovryn doing well?

Yes, since December 28, 2021, Sovryn has been continually going up, increasing 115.74 percent. The 200-day line is +4.8 percent away from where the price is now. It's -62.84 percent away from the 100-day line and -75.01 percent 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 Sovryn 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 Sovryn price over the next year. The most optimistic forecast for the price target was $2.03, implying an 87 percent increase in 12 months, but the worst-case scenario anticipated a fall to as low as $1.54.

The most up-to-date average price target for the year ahead is $1.76.

That would represent a potential gain of 0.55 percent.

SOV - Relative Strength Forecast

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

SOV - Trend Prediction

SOV - Price Volatility Prediction

SOV - Relative Strength

SOV - Momentum Forecast

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

What Does the Future Hold for Sovryn In 2025-2030?

Sovryn's long-term prospects look promising. The average price target for Sovryn by the end of 2020 was $1.78, according to fourteen analysts. Their five-year forecast projects the price of Sovryn to be $1.80 by 2025. By 2030, the long-term prediction is $1.83.