- Bullish Reef (REEF) price prediction 2022 is $0.04.
- Conservative REEF price prediction 2022 is $0.005.
- Reef Finance is the native cryptocurrency of the Reef Chain ecosystem.
Important: This Reef Finance (REEF) price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their REEF price forecast outcome differently. Hence, we strongly suggest to do your own research before buying REEF.
The 2022 crypto market has been nothing short of surprising, full of ups (but mostly down). In most cases, the greater cryptocurrency market sentiment has moved in sync with more prominent financial markets like stocks, oil and gas, and other commodities.
This may be the reason why many people would rather stay away from cryptocurrencies since the general trend is down. However, others believe the current prices of most cryptocurrencies are very tasty, especially those who consider the bull run as something that is just around the corner.
Among these are also altcoins like Reef Finance (REEF) that promise good fundamentals amid a lackluster market. That said, is REEF a good investment in 2022? Before we proceed to our REEF price prediction 2022, let us first answer the question “what is Reef?”
What Is Reef Finance (REEF)?
Reef Finance, now called Reef Chain, or just simply referred to as Reef, is a blockchain designed for decentralized finance (DeFi), although it has branched out to include non-fungible tokens (NFTs) and GameFi.
A shorthand for Reliable, Extensible, Efficient, and Fast, Reef describes itself as a comprehensive blockchain solution that is fully integrated with the Ethereum Virtual Machine. Reef has been in the crypto space since August 2020, and it is becoming one of the most stable ecosystems today.
Recently, Reef unveiled Sqwid, the first NFT marketplace built on its blockchain. There are also a number of developments happening around the Reef ecosystem since it created its own blockchain.
Now that we have an overview of Reef, let us take a look at its market standing.
REEF Overview (At the time of writing)
|24-h Trading Volume||$33,850,416|
Reef (REEF) Price Prediction 2022
Reef is listed on some major cryptocurrency exchanges like Binance, HitBTC, LBank, etc. Now, let us proceed to the charts and find out if REEF is indeed a good investment in 2022.
As seen on our 1-day chart, REEF has experienced the worst. According to data sites CoinMarketCap and CoinGecko, REEF’s all-time low (ATL) price is around $0.0026. This was only back in May 2022, which means that REEF’s current price is already a good selling price for those who bought during the crash.
We can observe a resistance at $0.005, which will cause REEF’s price to stay down for a bit. At the time of writing, REEF is changing hands at $0.00438, according to CoinGecko.
However, the good news is that REEF has strong support at $0.0035. So, investors who buy REEF now can rest assured that their investment will not go down LUNA-style — not in the near foreseeable future.
On the other hand, the 50-day Moving Average is also starting to align with the current price, so there’s a possibility that REEF may not experience a pump in the next couple of weeks.
Meanwhile, the Relative Strength Index (RSI) suggests that it is a good time to buy REEF. Having been in the oversold zone since May, REEF bulls may be accumulating now. This is also reflected by the trading volume (please see the previous chart).
REEF Price Prediction 2022: Key Levels to Check Out
So, for those who are watching the REEF price chart closely, what should be the key levels to watch for? Let’s proceed to our last chart.
Once we zoom out, we can observe that REEF has way been deep in the accumulation phase. This means that the crypto has been at its lowest, and, therefore, is one of the juiciest cryptocurrencies to buy today.
But first, REEF bulls need to retake the $0.005 resistance level and turn it into support. This is the most critical level in the short-term scenario. If the bulls succeed, then, REEF will be looking to hit $0.008 in the next couple of months. From that price, we may see REEF fluctuate between $0.008 to $0.0095. This is also a place where the bulls can rest for a bit to gather strength and possibly target the $0.01 psychological resistance.
So far, both $0.005 and $0.01 are the most important price levels to watch out for. If REEF succeeds at planting its feet firmly on these levels, then the next price to watch out for are $0.013 and $0.017. Beyond these is the moon — REEF may skyrocket up to $0.02 to $0.04.
In conclusion, our bearish Reef price prediction 2022 is $0.005. On the other hand, if REEF surpasses the aforementioned resistance levels, then our bullish REEF price prediction 2022 is up to $0.04. However, $0.1 REEF prediction 2022 price is a bit of a stretch.
Market Prediction for REEF Price 2022
Digitalcoin is a well-known crypto price analysis platform with automated tools. Based on the platform’s metrics, REEF price may reach around $0.00616 in 2022.
Wallet Investor is also another reputable crypto price forecast platform that aggregates historical pricing data. According to the platform, REEF price prediction forecast in 2022 may hit as low as $0.000176.
Market Prediction for Reef (REEF) Price 2023, 2024, and 2025
REEF price prediction 2023 is up to $0.04 (estimated)
REEF price prediction 2024 is up to $0.1 (estimated)
REEF price prediction 2025 is up to $0.9 (estimated)
REEF price prediction 2026 is up to $3 (estimated)
Despite hitting its all-time low this year, Reef is definitely one of the top cryptocurrencies to watch out for in 2022. This is because there is a lot of trading activity going on and Reef is catching up with the rest of the crypto market.
Once again, our bullish Reef price prediction 2022 is $0.04. Conversely, our conservative REEF price prediction 2022 is $0.005.
Technical analysis aside, Reef (REEF) is a good investment due to its strong fundamentals. The team continues to build despite the current bear market and its founders remain enthusiastic about the project. However, cryptocurrencies, by nature, are volatile, and REEF is not exempt from it.
It is difficult to determine whether a cryptocurrency — Reef included — will fare in the future. However, as long as the team is dedicated to improving and pivoting if necessary, then it has a good future ahead of it.
Reef has been listed on Binance for quite a while now. Other leading exchanges also offer REEF to interested buyers.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether express or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers to perform their own in-depth research before investing in cryptocurrency.
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