Open Exchange Token (OX) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Open Exchange Token price prediction, the price of Open Exchange Token is predicted to rise by 228.04% and reach $ 0.000878 by October 15, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 51 (Neutral). Open Exchange Token recorded 16/30 (53%) green days with 41.29% price volatility over the last 30 days. Based on the Open Exchange Token forecast, it's now a bad time to buy Open Exchange Token.

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Based on the historical price movements of Open Exchange Token and the BTC halving cycles, the yearly low Open Exchange Token price prediction for 2025 is estimated at $ 0.000268. Meanwhile, the price of Open Exchange Token is predicted to reach as high as $ 0.001264 next year. Using the same basis, here is the Open Exchange Token price prediction for each year up until 2030.

Open Exchange Token price prediction 2025

The Open Exchange Token price prediction for 2025 is currently between $ 0.000268 on the lower end and $ 0.001264 on the high end. Compared to today’s price, Open Exchange Token could gain 374.90% by 2025 if OX reaches the upper price target.

Open Exchange Token price prediction 2030

The Open Exchange Token price prediction for 2030 is currently between $ 0.000675 on the lower end and $ 0.001094 on the high end. Compared to today’s price, Open Exchange Token could gain 310.83% by 2030 if it reaches the upper price target.

Open Exchange Token's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Open Exchange Token's 200-day SMA will drop in the next month and will hit $ 0.00 by Oct 15, 2024. Open Exchange Token's short-term 50-Day SMA is estimated to hit $ 0.000187 by Oct 15, 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 25.23, which indicates that the OX market is in a oversold position. The RSI indicator suggests that the price of OX will decrease.

Popular OX Moving Averages and Oscillators for Sun, Sep 15, 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).

Open Exchange Token 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.

Open Exchange Token Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.000264, Open Exchange Token has support levels of $ 0.000255, $ 0.000243, and the strongest at $ 0.000233. Similarly, Open Exchange Token resistance levels are at $ 0.000277, $ 0.000286, and $ 0.000299.

Open Exchange Token Correlation

Over the past 7 days, Open Exchange Token price was most positively correlated with the price of and most negatively correlated with the price of .

Open Exchange Token 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 Open Exchange Token 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 Open Exchange Token, a move in one direction for Open Exchange Token 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 Open Exchange Token price in the future, it’s helpful to also explore Open Exchange Token’s price history. In the last month, the OX/USD pair is down .

How to read and predict Open Exchange Token price movements?

Open Exchange Token traders use a variety of tools to try and determine the direction in which the OX market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Open Exchange Token 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.

Open Exchange Token Price Prediction Indicators

Moving averages are among the most popular Open Exchange Token price prediction tools. As the name suggests, a moving average provides the average closing price for OX 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 OX is a sum of OX’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 OX price moves above any of these averages, it is generally seen as a bullish sign for Open Exchange Token. Conversely, a drop below an important moving average is usually a sign of weakness in the OX market.

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

How to read Open Exchange Token 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 Open Exchange Token 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 Open Exchange Token’s price action in 1-hour chunks. Each candlestick will display OX’s opening price, closing price, as well as the highest and lowest prices that Open Exchange Token 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 Open Exchange Token?

Just like with any other asset, the price action of Open Exchange Token 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 OX. The market capitalization of Open Exchange Token can change significantly in a short period of time.

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