- Bullish NU price prediction is $0.19109 to $0.27990.
- NuCypher (NU) price might also reach $0.3 soon.
- Bearish NU price prediction for 2022 is $0.13078.
In NuCypher (NU) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about NU to analyze the future movement of the cryptocurrency.
NuCypher (NU) Current Market Status
According to CoinGecko, the price of NuCypher (NU) is $0.126720 with a 24-hour trading volume of $3,654,654 at the time of writing. However, NU has decreased by nearly 10.9% in the last 24 hours.
Moreover, NuCypher (NU) has a circulating supply of 1,257,155,766 NU. Currently, NuCypher (NU) trades in cryptocurrency exchanges such as Upbit, Coinbase Exchange, Bitget, Gate.io and SushiSwap.
What is NuCypher (NU)?
NuCypher (NU) cryptocurrency is the native cryptocurrency of the NuCypher, a cryptograpic network which is build on the Ethereum protocol. NU token is used on the Nucypher platform to reward miners and to pay for the renewal of data security services.
NuCypher allows developers to store, share, and manage private data and aims to add an interoperable security layer to various blockchains where developers can grant sensitive information permission on a variety of dApps.
NuCypher (NU) Price Prediction 2022
NuCypher (NU) holds the 186th position on CoinGecko right now. NU price prediction 2022 is explained below with a daily time frame.
The above chart of NuCypher (NU) laid out the horizontal channel pattern, also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.
Currently, NuCypher (NU) is in the range of $0.16388. If the pattern continues, the price of NU might reach the resistance levels of $0.17393 and $0.19042.If the trend reverses, then the price of NU may fall to $0.15818.
NuCypher (NU) Support and Resistance Levels
The chart below shows the support and resistance levels of NuCypher (NU).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for NuCypher (NU).
| Resistance Level 1 | $0.19109 |
| Resistance Level 2 | $0.23489 |
| Resistance Level 3 | $0.27990 |
| Support Level 1 | $0.15720 |
| Support Level 2 | $0.13078 |
The charts show that NuCypher (NU) has performed a bullish trend over the past month. If this trend continues, NU might run along with the bulls overtaking its resistance level at $0.27990.
Accordingly, if the investors turn against crypto, the price of NuCypher (NU)might plummet to almost $0.13078, a bearish signal.
NuCypher (NU) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of NuCypher (NU) 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 NU lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of NuCypher (NU) is shown in the chart above. Notably, NuCypher (NU) price lies below 50 MA (short-term), so it is in an uptrend. Currently, NU has entered a bearish state.Therefore, there is a possibility of a reversal trend of NU at any time.
Meanwhile, the relative strength index (RSI) of the NU is 44.62.This means that NuCypher (NU) is in an oversold state. However, this means a major price reversal of NU may occur in the upcoming days. So, traders need to trade carefully.
NuCypher (NU) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of NuCypher (NU). 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.
The above chart represents the ADX of NuCypher (NU). Currently, the ADX of NU lies in the range of 32.53052 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of NuCypher (NU). RVI measures the constant deviation of price changes over a period of time. The RVI of NU lies above 50, indicating high volatility. In fact, the RSI of NuCypher (NU) is at 60.22 thus confirming a potential buy signal.
Comparison of NU with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and NuCypher (NU).
From the above chart, we can interpret that the price actions of NU is a similar trend with respect to BTC and ETH. This indicates that when the price of BTC and ETH increases , the price of NU increases. And when the price of BTC and ETH decreases, the price of NU decreases.
NuCypher (NU) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, NuCypher (NU) might probably attain $0.5 by 2023.
NuCypher (NU) Price Prediction 2024
With several upgrades in the network, NuCypher (NU) might enter a bullish trajectory. If the coin grabs the attention of major investors, NU might rally to hit $1 by 2024.
NuCypher (NU) Price Prediction 2025
If NuCypher (NU) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, NU would rally to hit $3.
NuCypher (NU) Price Prediction 2026
If NuCypher (NU) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, NU would rally to hit $5.
NuCypher (NU) Price Prediction 2027
If NuCypher (NU) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, NU would rally to hit $7.
NuCypher (NU) Price Prediction 2028
NuCypher (NU) 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, NU would hit $9 in 2028.
NuCypher (NU) Price Prediction 2029
If investors flock in and continue to place their bets on NuCypher (NU), it would witness major spikes. NU might hit $11 by 2029.
NuCypher (NU) Price Prediction 2030
With greater advancements in the NuCypher ecosystem, the crypto community might continue to invest in NU for the next 8 years and drive significant price rallies for the token. Hence, NuCypher (NU) might hit $13 by 2030.
Conclusion
With continuous improvements in the NuCypher network, we can say that 2022 is a good year for NU. For this reason, the bullish price prediction of NuCypher (NU) in 2022 is $0.27990. On the other hand, the bearish price prediction of NuCypher (NU) price prediction for 2022 is $0.13078.
Furthermore, with the advancements and upgrades to the NuCypher ecosystem, the performance of NU would help to reach above its current all-time high (ATH) of $2.61 very soon. But, it might also reach $0.3 if the investors believe that NU is a good investment in 2022.
FAQ
NuCypher (NU) cryptocurrency is the native cryptocurrency of NuCypher, a cryptograpic network which is built on the Ethereum protocol. Nu token is used on the Nucypher platform to reward miners and to pay for the renewal of data security services.
NuCypher (NU) has been listed on many crypto exchanges which include Upbit, Coinbase Exchange, Bitget, Gate.io and SushiSwap.
With the ongoing developments and upgrades within the NuCypher platform, NU has a high possibility of reaching its ATH soon.
On October 15, 2021, NuCypher (NU) reached its new all-time high (ATH) of $2.61.
NuCypher (NU) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of NuCypher in the past few months, NU is considered a good investment in 2022.
NuCypher (NU) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then NuCypher (NU) will hit $0.3 soon.
NuCypher (NU) price is expected to reach $0.5 by 2023.
NuCypher (NU) price is expected to reach $1 by 2024.
NuCypher (NU) price is expected to reach $3 by 2025.
NuCypher (NU) price is expected to reach $5 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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