- Bullish ROUTE price prediction for 2024 is $9.3235 to $21.5903.
- Router Protocol (ROUTE) price might reach $10 soon.
- Bearish ROUTE price prediction for 2024 is $1.8523.
In this Router Protocol (ROUTE) price prediction 2024, 2025-2030, we will analyze the price patterns of ROUTE by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
ROUTER PROTOCOL (ROUTE) PRICE PREDICTION 2024 |
|
| ROUTER PROTOCOL (ROUTE) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Router Protocol (ROUTE) Current Market Status
| Current Price | $4.52 | 24 – Hour Price Change | 11.32% Up |
| 24 – Hour Trading Volume | $2,730,080 |
| Market Cap | $65,451,956/td> |
| Circulating Supply | 14,496,889 ROUTE | All – Time High | $19.04 (On May 16, 2021) |
| All – Time Low | $0.9366 (On May 12, 2022) |
What is Router Protocol (ROUTE)
| TICKER | ROUTE |
| BLOCKCHAIN | Ethereum |
| CATEGORY | Governance Token |
| LAUNCHED ON | January 2021 |
| UTILITIES | Governance, Transaction fee, and incentivization mechanisms for liquidity providers. |
Router Protocol (ROUTE) is a decentralized protocol designed to enhance liquidity and interoperability across multiple blockchain networks within the decentralized finance (DeFi) ecosystem. As a cross-chain liquidity infrastructure, Router Protocol aims to facilitate seamless asset transfers and efficient trading experiences for users by optimizing liquidity pools and enabling secure, trustless transactions.
Through its innovative approach, Router Protocol seeks to address fragmentation issues within the DeFi space, promoting greater accessibility and liquidity for decentralized applications (DApps) and users alike.
ROUTE 24H Technicals
Router Protocol (ROUTE) Price Prediction 2024
Router Protocol (ROUTE) ranks 455th on CoinMarketCap in terms of its market capitalization. The overview of the Router Protocol (ROUTE) price prediction for 2024 is explained below with a daily time frame.
In the above chart, Router Protocol (ROUTE) laid out A Descending Channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.
At the time of analysis, the price of Router Protocol (ROUTE) was recorded at $4.1524. If the pattern trend continues, then the price of ROUTE might reach the resistance level of $4.5694 and $8.6572. If the trend reverses, then the price of ROUTE may fall to the support of $3.0128.
Router Protocol (ROUTE) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Router Protocol (ROUTE) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Router Protocol (ROUTE) for 2024.
| Resistance Level 1 | $9.3235 |
| Resistance Level 2 | $21.5903 |
| Support Level 1 | $3.7702 |
| Support Level 2 | $1.8523 |
Router Protocol (ROUTE) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Router Protocol (ROUTE) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Router Protocol (ROUTE) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $6.4568 Price = $4.1395 (50MA > Price) | Bearish/ Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 39.5753 <30 = Oversold 50-70 = Neutral >70 = Overbought | Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Router Protocol (ROUTE) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Router Protocol (ROUTE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Router Protocol (ROUTE).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 48.1084 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 40.67 <50 = Low >50 = High | Low volatility |
Comparison of ROUTE with BTC, ETH
Let us now compare the price movements of Router Protocol (ROUTE) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of ROUTE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ROUTE also increases or decreases respectively.
Router Protocol (ROUTE) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Router Protocol (ROUTE) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Router Protocol (ROUTE) Price Prediction 2025 | $12 | $1.9 |
| Router Protocol (ROUTE) Price Prediction 2026 | $15 | $2.2 |
| Router Protocol (ROUTE) Price Prediction 2027 | $18 | $3.9 |
| Router Protocol (ROUTE) Price Prediction 2028 | $21 | $4.6 |
| Router Protocol (ROUTE) Price Prediction 2029 | $23 | $5.3 |
| Router Protocol (ROUTE) Price Prediction 2030 | $25 | $6.1 |
Conclusion
If Router Protocol (ROUTE) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Router Protocol (ROUTE) price prediction for 2024 is $9.3235 to $21.5903. Comparatively, if unfavorable sentiment is triggered, the bearish Router Protocol (ROUTE) price prediction for 2024 is $1.8523.
If the market momentum and investors’ sentiment positively elevate, then Router Protocol (ROUTE) might hit $1. Furthermore, with future upgrades and advancements in the Space Router Protocol ecosystem, ROUTE might surpass its current all-time high (ATH) of $19.04 and mark its new ATH.
FAQ
1. What is Router Protocol (ROUTE)?
Router Protocol (ROUTE) is a decentralized protocol facilitating cross-chain liquidity and asset transfers within the DeFi ecosystem.
2. Where can you purchase Router Protocol (ROUTE)?
Router Protocol (ROUTE) has been listed on many crypto exchanges which include KuCoin, Bitget, CoinEx, Gate.io, and HTX.
3. Will Router Protocol (ROUTE) reach a new ATH soon?
With the ongoing developments and upgrades within the Router Protocol, ROUTE has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Router Protocol (ROUTE)?
On May 16, 2021, ROUTE reached its new all-time high (ATH) of $19.04.
5. What is the lowest price of Router Protocol (ROUTE)?
According to CoinMarketCap, ROUTE hit its all-time low (ATL) of $0.9366 on May 12, 2022.
6. Will Router Protocol (ROUTE) reach $10?
If Router Protocol (ROUTE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon.
7. What will be Router Protocol (ROUTE) price by 2025?
Router Protocol (ROUTE) price is expected to reach $12 by 2025.
8. What will be Router Protocol (ROUTE) price by 2026?
Router Protocol (ROUTE) price is expected to reach $15 by 2026.
9. What will be Router Protocol (ROUTE) price by 2027?
Router Protocol (ROUTE) price is expected to reach $18 by 2027.
10. What will be Router Protocol (ROUTE) price by 2028?
Router Protocol (ROUTE) price is expected to reach $21 by 2028.
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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.
