Wanchain is a blockchain platform that aims to build a decentralized financial market. It has an ambitious goal of connecting the world’s digital assets and providing interoperability between different chains. The project was founded by Jack Lu, one of the co-founders of Ethereum.
The wanchain price prediction 2023 is a question that has been asked for some time now. There are many different opinions, but the general consensus is that WAN will be worth more in 2023.
- The Wide Area Network (WAN) is a distributed ledger that allows for cross-chain transactions.
- For 2023, a bearish WAN price forecast is $0.818.
- If the price of WAN rises over $2.518 in the near future, it may hit $1.707.
This post on Wanchain Price Prediction 2023 is solely based on technical analysis. In this post, you’ll learn about the main factors that went into our WAN pricing study and forecast.
According to CoinGecko, the cryptocurrency Wanchain has increased by more than 70% in a week, reaching a high of $1.21.
In terms of market capitalization, WAN has a market value of about $190 million. WAN also has a daily trading volume of above $15 million on average.
Wanchain is a distributed ledger that allows for cross-chain transactions and multi-chain interoperability. Wanchain is a stand-alone blockchain that operates independently, even though it enables transactions across blockchains. Furthermore, WAN is an ERC-20 token.
The cryptocurrency trades on exchanges such as Binance, Huobi Global, BKEX, KuCoin, and Bitrue for interested crypto traders.
Is WAN a smart investment in 2023, given these recent developments? In this WAN price analysis 2023 essay, we’ll discover out.
Price Analysis of Wanchain (WAN)
Wanchain’s Simple Moving Average (SMA), Exponential Moving Average (EMA), and Relative Search Index (RSI) are shown in the graph below (WAN).
Price trend for WAN/USDT with SMA and EMA (Image courtesy of TradingView)
WAN has performed well over the last several days, despite the crypto world’s dramatic price fluctuations. In addition, the graph depicts the cryptocurrency’s price increase of almost 70% in the last seven days.
WAN/USDT RSI (Relative Strength Index) (Source: TradingView)
Meanwhile, the WAN’s relative strength index (RSI) has already reached oversold territory. As a result, traders must be cautious since, as demonstrated in our Wanchain price forecast, WAN may produce a price reversal at any moment.
At the time of writing, the WAN price was $1.12, according to CoinGecko.
Price Chart for WAN/USDT (Source: TradingView)
- $1.707 is the first level of resistance.
- $2.518 is the second level of resistance.
- Level 1 Support – $0.147
- Level 2 Support – $0.818
The graph above depicts WAN’s stellar performance during the past several days. The trend for WAN is positive. If the current trend continues, WAN will follow the bulls, breaking over the $1.707 resistance level and climbing to $2.518.
The WAN may rise beyond its all-time high (ATH) price of $9.84 if the bullish trend continues. In contrast, if investors abandon cryptocurrencies, the bears may seize control. Furthermore, the WAN price may drop to around $0.818, indicating a negative indicator.
Disclaimer: The writers’ opinions in this chart are entirely their own. It should not be construed as investment advice.
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The wanchain price prediction today is a question that asks if WAN will be worth in 2023. It’s currently valued at $0.12 with a market cap of $1,811,404,737.
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