Smooth Love Potion Price Prediction – Will SLP Price Hit $0.5 Soon?

This Smooth Love Potion (SLP) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with our SLP price analysis and prediction.

The cryptocurrency market has started to surge again. In fact, there are many digital assets that increased to a new all-time high during the recent 2021 bull run. In contrast, some crypto had shown a downtrend as well. This made many crypto investors and traders confused about whether it is time to hold or sell the crypto for a good price. This is the same scenario for SLP which has lost 43% of its gains in the past year.

Nevertheless, the crypto market is consolidating lately, and most cryptos are losing their previous profits. Is the scenario the same as the SLP price? We’ll find out shortly in this SLP price analysis 2022 article. But first, let’s have a look at what SLP is.

What Is a Smooth Love Potion (SLP)?

The advent of the blockchain world shows possibilities that could be limited by a person’s imagination. Moreover, the use cases of blockchain technology are on a steady wheel and nearly penetrating all spheres of life, that includes the gaming industry. All-in-all, most gaming platforms prefer to capitalize on famous digital assets such as BTC, ETH, or ADA as rewards.

However, Smooth Love Potion (SLP) is a gaming token that is created by Axie Edge. Moreover, the token is ETH-related and breached both the gaming world and Defi space through its availability on the Uniswap liquidity pool.

More so, it is not a complex gaming crypto token that is utilized for interesting reasons. Mostly, the token serves as the primary crypto token for breeding per creature while playing Axie Infinity. However, it can be bought and traded on Uniswap.

Now that we have an idea about SLP, do you think SLP will be profitable crypto in 2022? Join me and let us see the charts in this SLP price analysis and SLP price prediction.

Smooth Love Potion (SLP) Current Market Status

Smooth Love Potion is one of the most aggressive cryptocurrency assets in the crypto market today. In fact, crypto was able to record a huge growth rate of over +42.97% in the past one month. For this reason, SLP has become one of the most talked-about digital assets in the crypto world.

In terms of its market standing, the crypto positions itself as one of the most prominent cryptocurrencies in CoinGecko. As a result, SLP price trades at $0.02574 with a 24-hour trading volume of $974,230,538. Indeed, this market status of crypto attracts global investors all around the world.

Now that you already have an idea about what Smooth Love Potion cryptocurrency is, do you think Smooth Love Potion is a good investment this year? If you are already excited to know, come, and together let us check this Smooth Love Potion price prediction and price analysis article.

Smooth Love Potion (SLP) Price Analysis 2022

Currently, SLP holds 104^th place on CoinGecko. But will the recent development and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this SLP price prediction article.

From the Keltner Channel indicator chart above for Smooth Love Potion (SLP) above, we can see that the price is within the first half of the curve from the top and that the last candlestick that was formed is bullish. We should expect a spike in the price of SLP soon.

Since the relative strength index (RSI) value of Smooth Love Potion (SLP) is 56.12, it indicates that the present trend is strong. The curve is pointing upwards and the last candlestick is bullish, this could lead to more buyers pressure for price surge soon.

The 90-MA for Smooth Love Potion (SLP) is above the 30-MA, which indicates that the price of SLP is bullish in the long term.

Smooth Love Potion (SLP) Price Prediction

As shown below in this SLP price forecast chart, in a smaller time frame, SLP has shown a bullish uptrend.

From the chart above, if the bulls have their way, the price of SLP might break the $0.0448 resistance1 level and even higher to $0.4002 at resistance4, which is the bullish price signal for 2022.

Conversely, the market might turn against crypto thereby making its recent uptrend position to be dethroned, thereby making the price of SLP to break the support level at $0.0071, a bearish signal.

But, the price of SLP is bullish for 2022, but it has to break many psychological resistances to push higher.

Smooth Love Potion (SLP) Price Prediction 2022

If SLP’s bullish trend continues, SLP will reach $0.4002 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.1027. Then this rise will slow down, but no major falls are expected. With upcoming partnerships, and developments reaching $0.5 is quite optimistic in the price point of view but undoubtedly feasible for the near future. This indicates that SLP has a high possibility of reaching a new ATH soon.

Smooth Love Potion (SLP) Price Prediction 2023

The price of SLP can move even great heights, however reaching $1. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency SLP breaks past the psychological resistance level.

Smooth Love Potion (SLP) Price Prediction 2024

As per the latest upgrades, developments, SLP price prediction, and new project forecasts of the platform the price surges. Moreover, this might boost the price of SLP in the crypto market, and it will be the best investment as the price can spike and reach around $2.

Smooth Love Potion (SLP) Price Prediction 2025

In the next four years, SLP prices could rise up to $5. However, reaching this level could not be so difficult for SLP as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Smooth Love Potion (SLP) Price Prediction 2026

In the next five years, SLP prices could rise up to $10. However, reaching this level could not be so difficult for SLP as additional medium, short-term, and long-term price targets could be found to purchase or sell orders.

Conclusion

SLP has a great future ahead of it in 2022. With ongoing developments happening within the SLP ecosystem, as well as in the overall crypto market, we may see SLP reach new heights. The bullish price prediction of SLP is $0.4002.

It is also important to note the price action at support level due to the possible formation of double bottom and at resistance2 level due to the possible formation of double top.

Meanwhile, our long-term SLP price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.4191 according to CoinMarketCap this year. However, that will only happen if it breaks past a number of psychological resistances.

Also, if investors have decided that SLP is a good investment in 2022 along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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