HEX (HEX) Price Prediction 2022 — Will HEX Hit $0.5 Soon?

HEX (HEX) Price Prediction 2022 — Will HEX Hit $0.5 Soon?
  • Bullish HEX price prediction is $0.0369 to $0.1718.
  • HEX  (HEX) price might also reach $0.5 soon.
  • Bearish HEX  price prediction for 2022 is $0.0283.

In HEX (HEX) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about HEX to analyze the future movement of the cryptocurrency. 

HEX (HEX) Current Market Status

According to CoinGecko, the price of HEX (HEX) is $ 0.0331 with a 24-hour trading volume of $10,337,971 at the time of writing. However, HEX has decreased by nearly 0.8% in the last 24 hours.

Moreover, HEX (HEX) trades in cryptocurrency exchanges such as Uniswap, Sushiswap, Quickswap, FMFW.io and  YoBit.

What is HEX (HEX)? 

 HEX  is an ERC20 token.It was launched in 2019,by Richard Heart. In order to replace certificates of deposit, which are utilized in traditional financial markets, HEX is designed to be used as a store of value.And HEX utilize Proof of Wait (PoWa) instead of Proof of Work (PoW) .PoWa is a prime example of withholding comfort in order to gain later.

HEX holders can stake batches of HEX tokens for predetermined periods of time, just as traditional CDs give an improved interest rate to consumers who agree to leave a solid mass deposit unopened for a predetermined period of time. They cannot access those tokens during this time without experiencing severe penalties, but after the allotted time period has passed. HEX holders will be able to receive HEX rewards.

HEX (HEX) Price Prediction 2022

HEX price prediction 2022 is explained below with a daily time frame.

HEX /USDT  Horizontal Channel Pattern(Source: Tradingview)

The above chart of HEX laid out the Horizontal channel pattern.  Horizontal channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it.  A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.

Currently, HEX (HEX) is in the range of $0.03314. If the pattern continues, the price of HEX  might reach the resistance levels of $0.0369 and $0.047. If the trend reverses, then the price of HEX may fall to $0.0283.

HEX (HEX) Support and Resistance Levels

The chart below shows the support and resistance levels of HEX (HEX).

HEX /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for HEX (HEX). 

  • Resistance Level 1 – $0.0580
  • Resistance Level 2 – $0.0912
  • Resistance Level 3  – $0.1718
  • Support Level          -$0.0292

The charts show that HEX (HEX)  has performed a bullish trend over the past month. If this trend continues, HEX might run along with the bulls overtaking its resistance level at  $0.1718.

Accordingly, if the investors turn against the crypto, the price of HEX (HEX)  might plummet to almost $0.0292, a bearish signal.

HEX (HEX) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of HEX (HEX) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of HEX lies below the cutoff line, indicating weak participants in the current trend.

HEX /USDT RVOL, MA, RSI (Source:Tradingview)

Also, the Moving Average (MA) of HEX (HEX) is shown in the chart above. Notably,  the HEX (HEX) price lies below  50 MA (short-term), so it is downward. Currently, HEX has entered a bearish state. Therefore, there is a possibility of a reversal trend of HEX at any time.

Meanwhile, the relative strength index (RSI) of the HEX is 42.48. This means that HEX (HEX) is in an nearly oversold state. However, this means a major price reversal of HEX may occur in the upcoming days. So, traders need to trade carefully. 

HEX (HEX) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of HEX (HEX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

HEX /USDT ADX, RVI (Source:Tradingview)

The above chart represents the ADX of HEX (HEX). Currently, the ADX of HEX lies in the range of  24.66 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of HEX (HEX). RVI measures the constant deviation of price changes over a period of time. The RVI of HEX lies below 50, indicating low volatility. In fact, the RSI of HEX (HEX) is at 42.48 thus confirming a potential sell signal.

Comparison of HEX with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  HEX (HEX).

BTC Vs ETH Vs HEX  Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price action of HEX is similar to BTC. This indicates that when  the price of  BTC increases, the price of HEX increases.When the price of BTC decreases,the price of HEX decreases.

HEX (HEX) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  HEX (HEX) might probably attain $1 by 2023.

HEX (HEX) Price Prediction 2024

With several upgrades in the network, HEX (HEX) might enter a bullish trajectory. If the coin grabs the attention of major investors, HEX might rally to hit $3 by 2024. 

HEX (HEX) Price Prediction 2025

If HEX (HEX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, HEX would rally to hit $5.

HEX (HEX) Price Prediction 2026

If HEX (HEX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, HEX would rally to hit $7.

HEX (HEX) Price Prediction 2027

If HEX (HEX) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, HEX would rally to hit $9. 

HEX (HEX) Price Prediction 2028

HEX (HEX) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, HEX would hit $11 in 2028.

HEX (HEX) Price Prediction 2029

If investors flock in and continue to place their bets on HEX (HEX), it would witness major spikes. HEX might hit $13 by 2029.

HEX (HEX) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in HEX for the next 8 years and drive significant price rallies for the token. Hence, HEX (HEX) might hit $15  by 2030.

Conclusion

With continuous improvements in the HEX  Network, we can say that 2022 is a good year for HEX. For this reason, the bullish price prediction of HEX (HEX) in 2022 is $0.1718. On the other hand,  the bearish price prediction of HEX (HEX) price prediction for 2022 is $0.0292.

Furthermore, with the advancements and upgrades to the HEX  ecosystem, the performance of HEX would help to reach above its current all-time high (ATH) of $ 0.510830 very soon. But, it might also reach $0.5 if the investors believe that HEX is a good investment in 2022.

FAQ

1. What is HEX (HEX)?

 HEX  is an ERC20 token.It was launched in 2019,by Richard Heart. In order to replace certificates of deposit, which are utilized in traditional financial markets, HEX is designed to be used as a store of value.And HEX utilize Proof of Wait (PoWa) instead of Proof of Work (PoW).

2. Where can you purchase HEX (HEX)?

HEX (HEX) has been listed on many crypto exchanges which include Uniswap, Sushiswap, Quickswap, FMFW.io and  YoBit.

3. Will HEX (HEX) reach a new ATH soon?

With the ongoing developments and upgrades within the Basic Attention Token Platform, HEX  has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of HEX (HEX)?

On September 19, 2021, HEX reached its new all-time high (ATH) of  $0.510830 .

5. Is HEX (HEX) a good investment in 2022?

HEX (HEX) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Basic Attention Token In the past few months, HEX  is considered a good investment in 2022.

6. Can HEX (HEX) reach $0.5?


HEX (HEX) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then HEX (HEX) will hit $0.5soon.

7. What will be the HEX (HEX) price by 2023?

 HEX (HEX) price is expected to reach $1  by 2023.

8. What will be the HEX (HEX) price by 2024?

 HEX (HEX) price is expected to reach $3 by 2024.

9. What will be the HEX (HEX) price by 2025?

HEX (HEX) price is expected to reach $5 by 2025.

10. What will be the HEX (HEX) price by 2026?

 HEX (HEX) price is expected to reach $7 by 2026.    

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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