Is Tornado Cash on an uptrend?
No, since May 10, 2022, Tornado Cash has been in a long-term downward trend and has decreased by -90.94 percent over that period. The 200-day line is currently 454.46 percent away from the current price. It is 222.66 percent away from the 100-day line and 107.87 percent from the 50-day line.
The Tornado Cash price prediction for 2023
Let's look at the one-year forecast more closely since it is the most accurate of the analysts' forecasts.
Analysts had various forecasts for the Tornado Cash price over the next year. While the most optimistic forecast predicted a 12-month price target of $4.18, the most pessimistic forecast would be $3.16.
The most recent average price target for the next year is $3.61, which is the most important figure.
This implies that Tornado Cash could lose -0.9% of its value in 2023.
TORN - Relative Strength Forecast
TORN - Trend Prediction
TORN - Price Volatility Prediction
TORN - Relative Strength
TORN - Momentum Forecast
Tornado Cash projections through 2025-2030
Tornado Cash's long-term prospects appear to be good. According to nine analysts, Tornado Cash is expected to reach $3.54 by March 2025. The five-year forecast projects that the Tornado Cash price will be $3.48 by March 2027. The long-term prediction for 2030 is $3.39.