$0.02
$0.00 (6.98%)
End-of-day quote: 2022-10-26
WIT/USD

Is Witnet on an upswing?

No, since September 12, 2022, Witnet has been in a long-term downward trend and has decreased by 100 percent over that period. The 200-day line is currently -68.15 percent away from the current price. It is -92.73 percent away from the 100-day line and -98.11 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 Witnet 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 Witnet price over the next year. The most optimistic predicted a 12-month price target of $0.02, implying an 87 percent raise, while the worst-case scenario would be $0.02.

The most recent average price target for the next year is $0.02, and it's the most crucial.

That equates to a potential gain of 3.91 percent.

WIT - Relative Strength Forecast

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

WIT - Trend Prediction

WIT - Price Volatility Prediction

WIT - Relative Strength

WIT - Momentum Forecast

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

What Does the Future Hold for Witnet?

Witnet's long-term prospects appear to be excellent. 5 analysts predicted that Witnet would reach $0.02 by March 2025. The Witnet price is expected to be $0.02 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $0.03.