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.
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
SOV - Trend Prediction
SOV - Price Volatility Prediction
SOV - Relative Strength
SOV - Momentum Forecast
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.