$1.23
$-0.01 (-0.89%)
End-of-day quote: 2022-10-17
NVC/USD

Is Novacoin on an upswing?

No, since November 15, 2021, Novacoin has been in a long-term downward trend and has decreased by -58.45 percent over that period. The 200-day line is currently -21.23 percent away from the current price. It is -36.95 percent away from the 100-day line and -41.53 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 Novacoin 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 Novacoin price over the next year. The most optimistic predicted a 12-month price target of $1.44, implying an 87 percent raise, while the worst-case scenario would be $1.10.

The most recent average price target for the next year is $1.25, and it's the most crucial.

That equates to a potential gain of 1.43 percent.

NVC - Relative Strength Forecast

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

NVC - Trend Prediction

NVC - Price Volatility Prediction

NVC - Relative Strength

NVC - Momentum Forecast

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

What Does the Future Hold for Novacoin?

Novacoin's long-term prospects appear to be excellent. 13 analysts predicted that Novacoin would reach $1.28 by March 2025. The Novacoin 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 $1.38.