Is Ocean Protocol on an upswing?
No, since January 7, 2022, Ocean Protocol has been in a long-term downward trend and has decreased by 16.87 percent over that period. The 200-day line is currently -73.27 percent away from the current price. It is -81.23 percent away from the 100-day line and -83.28 percent away from the 50-day line.
The Ocean Protocol 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 Ocean Protocol price over the next year. The most optimistic predicted a 12-month price target of $1.18, implying an 87 percent raise, while the worst-case scenario would be $0.91.
The most recent average price target for the next year is $1.03, and it's the most crucial.
That equates to a potential gain of 6.41 percent.
OCEAN - Relative Strength Forecast
OCEAN - Trend Prediction
OCEAN - Price Volatility Prediction
OCEAN - Relative Strength
OCEAN - Momentum Forecast
What Does the Future Hold for Ocean Protocol?
Ocean Protocol's long-term prospects appear to be excellent. 12 analysts predicted that Ocean Protocol would reach $1.17 by March 2025. The Ocean Protocol price is expected to be $1.32 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $1.59.