Moon (MOON) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Moon price prediction, the price of Moon is predicted to rise by 228.27% and reach $ 0.001452 by December 29, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 78 (Extreme Greed). Moon recorded 1/3 (33%) green days with price volatility over the last 30 days. Based on the Moon forecast, it's now a good time to buy Moon.

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Popular MOON Moving Averages and Oscillators for Fri, Nov 29, 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).

Moon Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.000495, Moon has support levels of $ 0.000282, $ 0.000173, . Similarly, Moon resistance levels are at $ 0.000603, $ 0.000816, and $ 0.000925.

Moon Correlation

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

Moon 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 Moon 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 Moon, a move in one direction for Moon would translate into a move in the opposite direction for the negatively correlated coin.

How to read and predict Moon price movements?

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

Moon Price Prediction Indicators

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

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

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

Just like with any other asset, the price action of Moon 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 MOON. The market capitalization of Moon can change significantly in a short period of time.

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