Chain is Predicted to Drop to $ 0.039574 By Nov 27, 2022

Chain is predicted to decrease -9.30% in the next 5 days and hit a price target of $0.039574 per XCN. Check out today's Chain price prediction to learn why.

Chain is Predicted to Drop to $ 0.039574 By Nov 27, 2022
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.Chain is down -5.51% today against the US DollarXCN/BTC decreased by -2.61% todayXCN/ETH decreased by -2.20% todayChain is currently trading 10.25% above our prediction on Nov 27, 2022Chain dropped -25.45% in the last month and is down -8.02% since 1 year agoChain price$ 0.043633Chain prediction $ 0.039574 (-9.30%)Sentiment BearishFear & Greed index 22 (Extreme Fear)Key support levels$ 0.041593, $ 0.039667, $ 0.035933Key resistance levels$ 0.047253, $ 0.050988, $ 0.052913XCN price is expected to drop by -9.30% in the next 5 days according to our Chain price predictionChain price today is trading at $ 0.043633 after losing -5.51% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.43% in the same time period. XCN performed poorly against BTC today and recorded a -2.61% loss against the world’s largest cryptocurrency.According to our Chain price prediction, XCN is expected to reach a price of $ 0.039574 by Nov 27, 2022. This would represent a -9.30% price decrease for XCN in the next 5 days.XCN Price Prediction ChartBuy/Sell ChainWhat has been going on with Chain in the last 30 daysChain has been displaying a negative trend recently, as the coin lost -25.45% in the last 30-days. The medium-term trend for Chain has been bearish, with XCN dropping by -48.76% in the last 3 months. The long-term picture for Chain has been negative, as XCN is currently displaying a -8.02% 1-year price change. On this day last year, XCN was trading at $ 0.047437.Chain reached its all-time high price on May 27, 2022, when the price of XCN peaked at $ 0.185606. The current XCN cycle high is $ 0.106233, while the cycle low is at $ 0.001287. XCN has been displaying low volatility recently – the 1-month volatility of the coin is at 9.27. Chain recorded 12 green days in the last 30 days.Chain technical analysis for today - Nov 22, 2022The sentiment in the Chain markets is currently Bearish, and the Fear & Greed index is reading Extreme Fear. The most important support levels to watch are $ 0.041593, $ 0.039667 and $ 0.035933, while $ 0.047253, $ 0.050988 and $ 0.052913 are the key resistance levels.Bearish sentiment for Chain3 indicators are currently signaling a bullish prediction for Chain, while 19 indicators are showing a bearish forecast. With 86% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Chain.Crypto market is currently experiencing Extreme FearCurrently, the Fear & Greed index is at 22 (Extreme Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.Chain moving averages & oscillatorsLet’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Chain is positioned in the market right now.PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly ExponentialMA3$ 0.046983 (SELL)$ 0.043518 (BUY)--MA5$ 0.048463 (SELL)$ 0.046380 (SELL)--MA10$ 0.048274 (SELL)$ 0.047816 (SELL)--MA21$ 0.049734 (SELL)$ 0.049717 (SELL)$ 0.074529 (SELL)$ 0.069790 (SELL)MA50$ 0.058038 (SELL)$ 0.056272 (SELL)--MA100$ 0.067589 (SELL)$ 0.065524 (SELL)--MA200$ 0.085447 (SELL)$ 0.075857 (SELL)--PeriodValueActionRSI (14)38.57NEUTRALStoch RSI (14)73.91NEUTRALStochastic Fast (14)70.16NEUTRALCommodity Channel Index (20)-66.67NEUTRALAverage Directional Index (14)12.29NEUTRALAwesome Oscillator (5, 34)0.00NEUTRALMomentum (10)0.00NEUTRALMACD (12, 26)0.00NEUTRALWilliams Percent Range (14)-29.84NEUTRALUltimate Oscillator (7, 14, 28)43.68NEUTRALVWMA (10)0.05BUYHull Moving Average (9)0.05SELLIchimoku Cloud B/L (9, 26, 52, 26)0.05NEUTRALThe Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Chain is at 38.57, suggesting that XCN is currently neutral.The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Chain over the last 50 days. Currently, Chain is trading above the SMA 50 trendline, which is a bullish signal.Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the XCN closing price for the last 200 days. XCN is now trading above the SMA 200, signaling that the market is currently bullish.The bottom line about this Chain predictionAfter considering the above factors, we can conclude that the current forecast for Chain price prediction is Bearish. XCN would have to decrease by -9.30% to hit our $ 0.039574 target within the next five days. Moving forward, it will be important to monitor the XCN market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Chain price predictions click here.Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.