- Bullish OCEAN price prediction for 2023 is $0.2741 to $0.6590.
- The OCEAN price will also reach $1 soon.
- Bearish OCEAN price prediction for 2023 is $0.1222.
In Ocean Protocol (OCEAN) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about OCEAN to analyze the future movement of the cryptocurrency.
Ocean Protocol (OCEAN) Current Market Status
| Current Price | $0.2722 |
| 24 – Hour Trading Volume | $44,747,312 |
| 24 – Hour Price Change | 4.9% up |
| Circulating Supply | 434,026,836 |
| All – Time High | $1.93 (On April 10, 2021) |
What is Ocean Protocol (OCEAN)?
Ocean Protocol is a blockchain-based ecosystem that allows individuals and firms to easily unlock the value of their data and monetize it through the utilization of ERC-20-based data tokens.
Through Ocean Protocol, publishers can monetize their data while preserving privacy and control. At the same time, clients can now access datasets that were previously unavailable or difficult to find. These datasets can be created on the Ocean Market, where they can be bought and sold.
OCEAN is a utility token that is used for community governance and staking on data. Moreover, the price of these data tokens is set by an OCEAN-data token AMM pool, which adjusts the price of the data token as it is bought and sold based on supply and demand.
Ocean Protocol (OCEAN) Price Prediction 2023
Ocean Protocol (OCEAN) holds the 227th position on CoinGecko right now. OCEAN price prediction 2023 is explained below with a daily time frame.
The above chart of Ocean Protocol(OCEAN) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows.
Currently, Ocean Protocol (OCEAN) is at $0.2517. If the pattern continues, the price of OCEAN might reach the resistance level of $0.2810 and $0.5590. If the trend reverses, then the price of OCEAN may fall to $0.2012 and $0.1432.
Ocean Protocol (OCEAN) Support and Resistance Levels
The chart below shows the support and resistance levels of Ocean Protocol (OCEAN).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Ocean Protocol(OCEAN).
| Resistance Level 1 | $0.2741 |
| Resistance Level 2 | $0.3870 |
| Resistance Level 3 | $0.6590 |
| Support Level 1 | $0.1953 |
| Support Level 2 | $0.1222 |
The charts show that OCEAN has performed a bullish trend over the past month. If this trend continues, OCEAN might run along with the bulls overtaking its resistance level at $0.6590.
Accordingly, if the investors turn against the crypto, the price of the OCEAN might plummet to almost $0.1222, a bearish signal.
Ocean Protocol (OCEAN) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Ocean Protocol (OCEAN) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of OCEAN lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Ocean Protocol (OCEAN) is shown in the above chart. Notably, the OCEAN price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, OCEAN is in a bearish state. There is a possibility of a reversal trend of OCEAN at any time.
Meanwhile, the relative strength index (RSI) of the OCEAN is at a level of 80.16. This means that OCEAN is in an overbought state. However, this gives confidence to the traders to trade without any fear.
Ocean Protocol (OCEAN) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Ocean Protocol (OCEAN). 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 Ocean Protocol (OCEAN). Currently, OCEAN lies in the range of 71.7839, indicating a very strong trend.
From the above chart, the Relative Volatility Index (RVI) of Ocean Protocol (OCEAN). RVI measures the constant deviation of price changes over a period of time. The RVI of OCEAN lies above 50, indicating high volatility. In fact, OCEAN’s RSI is at 80.16 thus confirming a potential buy signal.
Comparison of OCEAN with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Ocean Protocol (OCEAN).
From the above chart, we can interpret that BTC, ETH, and OCEAN are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and OCEAN also increase or decrease respectively.
Ocean Protocol (OCEAN) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Ocean Protocol (OCEAN) between 2024 and 2030.
Ocean Protocol (OCEAN) Price Prediction 2024
With several upgrades in the network, Ocean Protocol (OCEAN) might enter a bullish trajectory. If the coin grabs the attention of major investors, OCEAN might rally to hit $5 by 2024.
Ocean Protocol (OCEAN) Price Prediction 2025
If Ocean Protocol (OCEAN) sustains major resistance levels and continues to be recognized as a better investment OCEANtion among investors for the next 3 years, OCEAN would rally to hit $10.
Ocean Protocol (OCEAN) Price Prediction 2026
If Ocean Protocol (OCEAN) sustains major resistance levels and continues to be recognized as a better investment OCEANtion among investors for the next 4 years, OCEAN would rally to hit $12.
Ocean Protocol (OCEAN) Price Prediction 2027
If Ocean Protocol (OCEAN) sustains major resistance levels and continues to be recognized as a better investment OCEANtion among investors for the next 5 years, OCEAN would rally to hit $15.
Ocean Protocol (OCEAN) Price Prediction 2028
If Ocean Protocol (OCEAN) holds up a strong stance as a better investment OCEANtion for the next 6 years, it might witness significant price rallies. Thus, by 2028, OCEAN would hit $18.
Ocean Protocol (OCEAN) Price Prediction 2029
If investors flock in and continue to place their bets on Ocean Protocol (OCEAN), it would witness major spikes. OCEAN might hit $22 by 2029.
Ocean Protocol (OCEAN) Price Prediction 2030
With greater advancements in the Ocean Protocol ecosystem, the crypto community might continue to invest in Ocean Protocol (OCEAN) for the next 8 years and drive significant price rallies for the token. Hence, Ocean Protocol (OCEAN) might hit $25 by 2030.
Conclusion
With continuous improvements in the Ocean Protocol network, we can say that 2023 is a good year for OCEAN. For this reason, the bullish price prediction of Ocean Protocol (OCEAN) in 2023 is $0.6590. On the other hand, the bearish price prediction of Ocean Protocol (OCEAN) for 2023 is $0.1222.
Furthermore, with the advancements and upgrades in the Ocean Protocol ecosystem, the performance of Ocean Protocol (OCEAN) might hit $1 gaining investors’ attention. It would also rise above its all-time high (ATH) of $1.93 in the near future.
FAQ
Ocean Protocol is a blockchain-based ecosystem that allows individuals and firms to easily unlock the value of their data and monetize it through the utilization of ERC-20-based data tokens.
Ocean Protocol (OCEAN) has been listed on many crypto exchanges which include Binance, Bybit, MEXC, BingX, and CoinW.
With the ongoing develOCEANments and upgrades within the Ocean Protocol platform, Ocean Protocol (OCEAN) has a high possibility of reaching its ATH soon.
On April 10, 2021, Ocean Protocol (OCEAN) reached its new all-time high (ATH) of $1.93.
5. Is Ocean Protocol (OCEAN) a good investment in 2023?
Ocean Protocol (OCEAN) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Ocean Protocol in the past few months, OCEAN is considered a good investment in 2023.
Ocean Protocol (OCEAN) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Ocean Protocol (OCEAN) will hit $1 soon.
Ocean Protocol (OCEAN) price is expected to reach $5 by 2024.
Ocean Protocol (OCEAN) price is expected to reach $10 by 2025.
Ocean Protocol (OCEAN) price is expected to reach $12 by 2026.
Ocean Protocol (OCEAN) price is expected to reach $15 by 2027.
Disclaimer: The OCEANinion 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.
