- Bullish WTC price prediction is $0.7618 to $2.9634.
- The WTC price will also reach $5 soon.
- WTC bearish market price prediction for 2022 is $0.2375.
In Waltonchain’s (WTC) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about WTC to analyze the future movement of the cryptocurrency.
Waltonchain Current Market Status
According to CoinGecko, the price of WTC is $0.432649 with a 24-hour trading volume of $2,468,622 at the time of writing. However, WTC has increased nearly 3.2% in the last 24 hours.
Moreover, WTC has a circulating supply of 29,182,764 WTC. Currently, WTC trades in cryptocurrency exchanges such as Binance, OKX, Mandala Exchange, Huobi Global, and KuCoin. .
What is Waltonchain (WTC)?
Waltonchain (WTC) is building an ecosystem that melds blockchain, RFID technology, and IoT (Internet of Things). Waltonchain is only the parent chain in the Walton ecosystem, anyone using the technology can create a subchain with their own tokens and even a consensus algorithm different from the parent chain. Waltonchian introduces the term Value Internet of Things (VIoT) as a name for their combination of RFID chips with blockchain technology. It is chips that respond to specific electromagnetic frequency with sending back data.
Operations throughout the ecosystem, both on-chain and across the chains, are fueled by the Waltonchain coin (WTC). WTC is used as a transactional coin to perform activities off of the parent chain through byte fee payments, facilitate collaboration between subchains, and rewards nodes for maintaining the network.
Waltonchain (WTC) Price Prediction 2022
Waltonchain holds the 997th position on CoinGecko right now. WTC price prediction 2022 is explained below with a daily time frame.
The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trendlines are drawn. On of the main features of the falling wedge pattern is the volume, which decreases as the channel converges.
Most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however the buyers lose the momentum at one point and the bears take temporary control over the price action.
Currently, WTC is in the range of $0.432649. If the pattern continues, the price of WTC might reach the resistance level of $0.6436 & $0.8429. If the trend reverses, then the price of WTC may reach to support level of $0.4003.
Waltonchain (WTC) Support and Resistance Level
The below chart shows the support and resistance level of WTC.
From the above daily time frame, it is clear the following are the resistance and support levels of WTC.
- Resistance Level 1 – $0.7618
- Resistance Level 2 – $1.2650
- Resistance Level 3 – $1.8617
- Resistance Level 4 – $2.9634
- Support Level 1 – $0.4293
- Support Level 2 – $0.2375
The charts show that WTC has performed a bullish trend over the past month. If this trend continues, WTC might run along with the bulls overtaking its resistance level at $2.9634
Accordingly, if the investors turn against the crypto, the price of the WTC might plummet to almost $0.2375, a bearish signal.
Waltonchain Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of WTC 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 WTC lies below the cutoff line, indicating weaker participants in the current trend.
More so, the WTC’s Moving Average (MA) is shown in the chart above. Currently, WTC is in a bearish state. Notably, the WTC price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of WTC at any time.
Meanwhile, the relative strength index (RSI) of the WTC is at level 42.50. This means that WTC is in a nearly oversold state. However, this means a major price reversal of WTC may occur in the upcoming days. So, traders need to trade carefully.
Waltonchain Price Prediction 2022 — ADX, RVI
Let us now look at Waltonchain’s Average Directional Index (ADX). 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 Waltonchain. Currently, WTC lies in the range of 55.06, so it indicates a very strong trend.
From the above chart, the Relative Volatility Index (RVI) of WTC. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of WTC lies above the 50 levels, indicating that the direction of volatility is high. In fact, WTC’s RSI is at 42.50 level thus confirming a potential sell signal.
Comparison of WTC with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Waltonchain.
From the above chart, we can identify the trend of the ETH, BTC, and WTC is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and WTC also increases or decreases respectively.
Conclusion
With continuous improvements in the Waltonchain network, we can say that 2022 is a good year for WTC. For this reason, the bullish price prediction of Waltonchain in 2022 is $2.9634. On the other hand, the bearish WTC price prediction for 2022 is $0.2375.
Furthermore, with the advancements and upgrades on the WTC ecosystem, the performance of WTC would help to reach above its current all-time high (ATH) $41.15 very soon. But, it might also reach $5 if the investors believe that WTC is a good investment in 2022.
FAQ
Waltonchain (WTC) is building an ecosystem that melds blockchain, RFID technology, and IoT (Internet of Things).
WTC has listed many crypto exchanges which include Binance, OKX, Mandala Exchange, Huobi Global, and KuCoin.
With the ongoing developments and upgrades within the WTC platform, it has a high possibility of reaching its ATH soon.
On January 27, 2018, WTC reached its new all-time high (ATH) of $41.15.
Waltonchain (WTC) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of WTC in the past few months, WTC is considered a good investment in 2022.
Waltonchain (WTC) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Waltonchain (WTC) will hit $5 soon.
Waltonchain’s (WTC) price is expected to reach $8 by 2023.
Waltonchain’s (WTC) price is expected to reach $13 by 2024.
Waltonchain’s (WTC) price is expected to reach $21 by 2025.
Waltonchain (WTC) price is expected to reach $27 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
