Nano Price Prediction 2022  — Will XNO Hit $1.5 Soon?

0
5
Nano Price Prediction 2022 — Will XNO Hit $1.5 Soon?
google news
  • Bullish XNO price prediction is $1.478 to $7.203.
  • The XNO price will also reach $1.5 soon.
  • XNO bearish market price prediction for 2022 is $0.540.

In Nano’s (XNO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about XNO to analyze the future movement of the cryptocurrency. 

Nano Current Market Status

According to CoinGecko, the price of XNO is $0.825 with a 24-hour trading volume of $26,022,474 at the time of writing. However, XNO has decreased nearly 19.35% in the last 24 hours.

Moreover, XNO has a circulating supply of 133,248,297 XNO. Currently, XNO trades in cryptocurrency exchanges such as Binance, OKX, Bybit, Kucoin, and Gate.io.

What is Nano (XNO)?

Nano is a lightweight cryptocurrency meant to permit secure, near-instant transfers with no fees, and it overcomes some of the major shortcomings of both legacy financial infrastructure and many modern cryptocurrencies. It is a peer-to-peer platform that enables users to effortlessly transfer value to one another without relying on centralized intermediaries by utilizing a special block-lattice data structure.

Nano (XNO) Price Prediction 2022

Nano holds the 214th position on CoinGecko right now. XNO price prediction 2022 is explained below with a daily time frame.

7C8Aderu
XNO/USDT Descending Channel Pattern (Source: Tradingview)

The above chart of Nano (XNO) laid out the Descending Channel Pattern. 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 the characteristic of a bearish market.

Currently, XNO is in the range of $0.825. If the pattern continues, the price of XNO might reach the resistance level of $0.9654, $1.151, and $1.379. If the trend reverses, then the price of XNO may fall to $0.789.

Nano (XNO) Support and Resistance Level

The below chart shows the support and resistance level of XNO.

        XNO/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of XNO.

Resistance Level 1 $1.478
Resistance Level 2 $3.347
Resistance Level 3 $7.203
Support Level $0.504
Support and Resistance Level

The charts show that XNO has performed a bullish trend over the past month. If this trend continues, XNO might run along with the bulls overtaking its resistance level at $7.203.

Accordingly, if the investors turn against the crypto, the price of the XNO might plummet to almost $0.504, a bearish signal.

Nano Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of XNO 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 XNO lies below the cutoff line, indicating weaker participants in the current trend.

Lmw8Lkri
XNO/USDT RVOL, MA, RSI (Source: TradingView)

More so, the XNO’s Moving Average (MA) is shown in the chart above. Currently, XNO is in a bearish state. Notably, the XNO price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of XNO at any time.

Meanwhile, the relative strength index (RSI) of the XNO is at level 57.41. This means that XNO is neither in an oversold or overbought state. However, this means a major price reversal of XNO may occur in the upcoming days. So, traders need to trade carefully.

Nano Price Prediction 2022 — ADX, RVI

Let us now look at Nano’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.

Nano Price Prediction 2022 — Will Xno Hit 15 Soon
XNO/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Nano. Currently, XNO lies in the range of 54.832, so it indicates a strong trend.

From the above chart, the Relative Volatility Index (RVI) of XNO. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of XNO lies below the 50 levels, indicating low volatility. In fact, XNO’s RSI is at 57.41 level thus confirming a potential sell signal.

Comparison of XNO with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Nano.

1669389774 495 Nano Price Prediction 2022 — Will Xno Hit 15 Soon
BTC Vs ETH Vs XNO Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC and XNO is not moving at the same level as the trend. This indicates that when the price of BTC and ETH increases or decreases, the price of XNO does not increase or decrease respectively.

Nano (XNO) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses, Nano (XNO) might probably attain $1.8 by 2023.

Nano (XNO) Price Prediction 2024

With several upgrades in the network, Nano (XNO) might enter a bullish trajectory. If the coin grabs the attention of major investors, XNO might rally to hit $2.2 by 2024.

Nano (XNO) Price Prediction 2025

If Nano (XNO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, XNO would rally to hit $2.6.

Nano (XNO) Price Prediction 2026

If Nano (XNO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, XNO would rally to hit $3.

Nano (XNO) Price Prediction 2027

If Nano (XNO) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, XNO would rally to hit $3.8.

Nano (XNO) Price Prediction 2028

If Nano (XNO) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, XNO would hit $4.5.

Nano (XNO) Price Prediction 2029

If investors flock in and continue to place their bets on Nano (XNO) , it would witness major spikes. XNO might hit $5 by 2029.

Nano (XNO) Price Prediction 2030

With greater advancements in the Nano ecosystem, the crypto community might continue to invest in Nano (XNO) for the next 8 years and drive significant price rallies for the token. Hence, Nano (XNO) might hit $5.4 by 2030.

Conclusion

With continuous improvements in the Nano network, we can say that 2022 is a good year for XNO. For this reason, the bullish price prediction of Nano in 2022 is $1.379. On the other hand, the bearish XNO price prediction for 2022 is $0.504.

Furthermore, with the advancements and upgrades on the XNO ecosystem, the performance of XNO would help to reach above its current all-time high (ATH) $33.69 very soon. But, it might also reach $1.5 if the investors believe that XNO is a good investment in 2022.

FAQ

1. What is Nano?

Nano is a lightweight cryptocurrency meant to permit secure, near-instant transfers with no fees, and it overcomes some of the major shortcomings of both legacy financial infrastructure and many modern cryptocurrencies.

2. Where can you purchase XNO?

XNO has listed on many crypto exchanges which include Binance, OKX, Bybit, Kucoin, and Gate.io.

3. Will XNO reach a new ATH soon?

With the ongoing developments and upgrades within the XNO platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Nano?

On January 2, 2018, XNO reached its new all-time high (ATH) of  $33.69.

5. Is XNO a good investment in 2022?

Nano (XNO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of XNO in the past few months, XNO is considered a good investment in 2022.

6. Can Nano (XNO) reach $1.5?

Nano (XNO) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Nano (XNO) will hit $1.5 soon.

7. What will be the XNO price by 2023?

Nano (XNO) price is expected to reach $1.8 by 2023.

8. What will be the XNO price by 2024?

Nano (XNO) price is expected to reach $2.2 by 2024.

9. What will be the XNO price by 2025?

Nano (XNO) price is expected to reach $2.6 by 2025.

10. What will be the XNO price by 2026?

Nano (XNO) price is expected to reach $3 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

google news
Previous articleEuropean furniture giants buy products made in Belarusian labor camps: report – POLITICO
Next articleNetherlands vs Ecuador – World Cup 2022 LIVE