Circuits of Value (COVAL) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Circuits of Value price prediction, the price of Circuits of Value is predicted to drop by -1.98% and reach $ 0.004438 by October 18, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 45 (Fear). Circuits of Value recorded 15/30 (50%) green days with 25.70% price volatility over the last 30 days. Based on the Circuits of Value forecast, it's now a good time to buy Circuits of Value.

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Based on the historical price movements of Circuits of Value and the BTC halving cycles, the yearly low Circuits of Value price prediction for 2025 is estimated at $ 0.004244. Meanwhile, the price of Circuits of Value is predicted to reach as high as $ 0.006695 next year. Using the same basis, here is the Circuits of Value price prediction for each year up until 2030.

Circuits of Value price prediction 2025

The Circuits of Value price prediction for 2025 is currently between $ 0.004244 on the lower end and $ 0.006695 on the high end. Compared to today’s price, Circuits of Value could gain 32.71% by 2025 if COVAL reaches the upper price target.

Circuits of Value price prediction 2030

The Circuits of Value price prediction for 2030 is currently between $ 0.001382 on the lower end and $ 0.011199 on the high end. Compared to today’s price, Circuits of Value could gain 122.01% by 2030 if it reaches the upper price target.

Circuits of Value's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Circuits of Value's 200-day SMA will drop in the next month and will hit $ 0.010333 by Oct 18, 2024. Circuits of Value's short-term 50-Day SMA is estimated to hit $ 0.004766 by Oct 18, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 49.79, which indicates that the COVAL market is in a neutral position.

Popular COVAL Moving Averages and Oscillators for Wed, Sep 18, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Circuits of Value Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Circuits of Value Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.004145, Circuits of Value has support levels of $ 0.003912, $ 0.003579, and the strongest at $ 0.003346. Similarly, Circuits of Value resistance levels are at $ 0.004479, $ 0.004712, and $ 0.005046.

Circuits of Value Correlation

Over the past 7 days, Circuits of Value price was most positively correlated with the price of and most negatively correlated with the price of .

Circuits of Value price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with Circuits of Value indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Circuits of Value, a move in one direction for Circuits of Value would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Circuits of Value price in the future, it’s helpful to also explore Circuits of Value’s price history. In the last month, the COVAL/USD pair is down .

How to read and predict Circuits of Value price movements?

Circuits of Value traders use a variety of tools to try and determine the direction in which the COVAL market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Circuits of Value price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Circuits of Value Price Prediction Indicators

Moving averages are among the most popular Circuits of Value price prediction tools. As the name suggests, a moving average provides the average closing price for COVAL over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for COVAL is a sum of COVAL’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the COVAL price moves above any of these averages, it is generally seen as a bullish sign for Circuits of Value. Conversely, a drop below an important moving average is usually a sign of weakness in the COVAL market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the COVAL price.

How to read Circuits of Value charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Circuits of Value with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Circuits of Value’s price action in 1-hour chunks. Each candlestick will display COVAL’s opening price, closing price, as well as the highest and lowest prices that Circuits of Value reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Circuits of Value?

Just like with any other asset, the price action of Circuits of Value is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of COVAL. The market capitalization of Circuits of Value can change significantly in a short period of time.

When trying to make a Circuits of Value forecast, many traders also try to monitor the activity of COVAL “whales”, which are entities and individuals that control large amounts of COVAL. Since the Circuits of Value market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Circuits of Value’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.