The Ocean Protocol, a decentralized data sharing platform that helps individuals and businesses to monetize their personal data, has seen its price rise by over 1,500% in the last six months.
The ocean protocol price prediction 2025 is a new ATH for the OCEAN token. The current price of OCEAN is $0.14 USD.
- The price of Ocean Protocol has risen to a new all-time high of $1.67.
- $0.89 is a bearish OCEAN price forecast for 2021.
- If the OCEAN price rises over $2.27 shortly, it may approach $3.
According to CoinGecko, the price of Ocean Protocol (OCEAN) has hit a new all-time high of $1.67 today.
Ocean Protocol is a blockchain-based ecosystem that enables people and businesses to effortlessly unlock the value of their data and monetise it using ERC-20 data tokens.
Publishers may monetize their data while maintaining privacy and control with Ocean Protocol. Clients now have access to previously inaccessible or difficult-to-find datasets. These datasets may be produced and purchased and sold on the Ocean Market.
OCEAN is a utility coin that is used for data staking and community governance. Furthermore, the price of these datatokens is determined by an OCEAN-data token AMM pool, which changes the price of the data token depending on supply and demand as it is purchased and sold.
PREDICTION OF OCEAN PRICES
The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Relative Search Index (RSI) of Ocean Protocol are shown in the graph below (OCEAN).
SMA, EMA, and RSI price chart for OCEAN/USDT (Source: TradingView)
Despite the dramatic market fluctuations in the cryptocurrency industry, OCEAN has performed well in recent days. In addition, the graph depicts the cryptocurrency’s price increase of almost +191 percent in the last 30 days.
Meanwhile, the OCEAN’s relative strength indicator (RSI) has already reached overbought territory. As a result, traders must be cautious since, as indicated in our Ocean Protocol price forecast, OCEAN may trigger a price reversal at any moment.
At the time of writing, the CHZ price was $1.62 on CoinGecko.
Price Chart for OCEAN/USDT (Source: TradingView)
- $1.82 is the first level of resistance.
- $2.27 – Level 2 Resistance
- Level 1 Support – $0.89
The figure above depicts OCEAN’s outstanding performance during the past several days. OCEAN is now trending upwards. If the current trend continues, OCEAN will gallop with the bulls, breaking over the $1.82 resistance level and climbing to $2.27 and beyond.
If the bullish trend continues, the OCEAN may break above $1.67, its all-time high. In contrast, if investors abandon cryptocurrencies, the bears may seize control. Furthermore, the OCEAN price may fall to nearly $0.89, indicating a negative indication.
Price Prediction for the Ocean Protocol (OCEAN) in 2021
OCEAN, on the other hand, may outperform expectations if the crypto bull run continues. It may potentially test the $3 psychological barrier if it hits the Fib level of $2.27. However, if the crypto market continues to rise, this may only happen later in the year.
In conclusion, the optimistic Ocean Protocol price forecast is $2.27, with the possibility of reaching $3 later in 2021. The bearish Ocean Protocol price forecast, on the other side, is $0.89.
Disclaimer: The writers’ opinions in this chart are entirely their own. It should not be construed as investment advice.
You’ve been recommended
The ocean protocol price prediction 2022 is a cryptocurrency that has increased significantly over the past few years. In May of this year, OCEAN hit a new all-time high.
Frequently Asked Questions
Is Ocean Protocol a good investment 2021?
Will WRX reach $10?
I dont know.
Will WRX coin reach 100 dollars?
I dont know.
- ocean protocol price prediction 2030
- ocean protocol price prediction reddit
- ocean protocol price prediction 2021
- ocean protocol news
- ocean protocol coinbase