Ocean Protocol Price Prediction 2022 — Will OCEAN Price Hit $1 Soon?

• Bullish OCEAN price prediction for 2022 is $0.2417 to  $0.9986.
• The OCEAN price will also reach $1 soon.
• Bearish OCEAN price prediction for 2022 is $0.1533.

In Ocean Protocol (OCEAN) price prediction 2022, 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

According to CoinGecko, the price of Ocean Protocol (OCEAN) is $0.164683 with a 24-hour trading volume of  $8,139,496 at the time of writing. However, OCEAN has decreased to 3.3% in the last 24 hours. 

Moreover, Ocean Protocol (OCEAN) has a circulating supply of 434,026,836  OCEAN. Currently, OCEAN trades in cryptocurrency exchanges such as   Binance, Bybit, MEXC, BingX, and CoinW. 

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 2022

Ocean Protocol (OCEAN) holds the 331th position on CoinGecko right now. OCEAN price prediction 2022 is explained below with a daily time frame.

A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.

Currently, Ocean Protocol (OCEAN) is at $1.59. If the pattern continues, the price of OCEAN might reach the resistance level of $0.1824, $0.2174 & $0.3029. If the trend reverses, then the price of OCEAN may fall to $0.1544.

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	$0.2417
Resistance Level 2	$0.3836
Resistance Level 3	$0.6589
Resistance Level 4	$0.9986
Support Level 1	$0.1533

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  $0.9986.

Accordingly, if the investors turn against the crypto, the price of the OCEAN might plummet to almost $0.1533, a bearish signal.

Ocean Protocol (OCEAN) Price Prediction 2022 — 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 below 50 MA (short-term), so it is completely in a downward 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 36.17. This means that OCEAN is in a nearly oversold state. However, this gives confidence to the traders to trade without any fear.

Ocean Protocol (OCEAN) Price Prediction 2022 — ADX, RVI

Let us now look 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 22.5269, indicating a 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 below 50, indicating high volatility. In fact, OCEAN’s RSI is at 36.17 thus confirming a potential sell 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 2023

If the declining price action slows down in momentum and the trend reverses,  Ocean Protocol (OCEAN) might probably attain $4 by 2023.

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 $7 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 2022 is a good year for OCEAN. For this reason, the bullish price prediction of Ocean Protocol (OCEAN) in 2022 is  $0.9986. On the other hand, the bearish price prediction of Ocean Protocol (OCEAN) for 2022 is $0.1533.

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

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.