Satoshi (SATS) Price Prediction 2024, 2025–2030

Explore short and medium-term Satoshi price prediction analysis and check long-term Satoshi forecasts for 2025, 2030, and beyond

5-Day Prediction
$?0.0?3065
1-Month Prediction
$?0.0?7748
3-Month Prediction
$?0.0?8163
6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $?0.000672
Price Prediction $?0.0?7748  (229.69%)
Fear & Greed Index 69 (Greed)
Sentiment Bullish
Volatility 8.63%
Green Days 12/30 (40%)
50-Day SMA $?0.0?2932
200-Day SMA $?0.00006225
14-Day RSI 27.58

According to our current Satoshi price prediction, the price of Satoshi is predicted to rise by 229.69% and reach $?0.0?7748 by November 25, 2024. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 69 (Greed). Satoshi recorded 12/30 (40%) green days with 8.63% price volatility over the last 30 days. Based on the Satoshi forecast, it's now a good time to buy Satoshi.

$
≈ $?3,704.97

If you invest $?1,000.00 in Satoshi today and hold until Dec 03, 2024, our prediction suggests you could see a potential profit of $?3,704.97, reflecting a 370.50% ROI over the next 36 days (fees are not included in this estimate).

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.

Short-Term Satoshi Price Targets

DatePredictionPotential ROI
Oct 27, 2024$?0.0?2350
0.99%
Oct 28, 2024$?0.0?2477
4.37%
Oct 29, 2024$?0.0?2641
11.28%
Oct 30, 2024$?0.0?2842
19.72%
Oct 31, 2024$?0.0?3065
29.12%

Over the next five days, Satoshi will reach the highest price of $?0.0?3065 on Oct 31, 2024, which would represent 29.12% growth compared to the current price. This follows a -15.83% price change over the last 7 days.

Satoshi Prediction Table

202420252026202720282029203020402050
MonthMin. PriceAvg. PriceMax. PricePotential ROI
Oct 2024$?0.0?2350$?0.0?4767$?0.0?8025
238.11%
Nov 2024$?0.0?7303$?0.0?9408$?0.0?1117
370.50%
Dec 2024$?0.0?5861$?0.0?6848$?0.0?8144
243.09%

In 2024, Satoshi (SATS) is anticipated to change hands in a trading channel between $?0.0?2350 and $?0.0?1117, leading to an average annualized price of $?0.0?7008. This could result in a potential return on investment of 370.50% compared to the current rates.

Satoshi Price Prediction 2024

October 2024: SATS Prediction

With a negative market trend seen last month (with the price of SATS losing -29.82%), Satoshi is expected to reject the trend in October. The projected monthly trading range is between $?0.0?2350 and $?0.0?8025, with the average monthly value sitting at $?0.0?4767, which would be a 40.96% increase compared to the previous month. This could offer investors a potential return of 238.11%.

Potential ROI: 238.11%

November 2024: SATS Prediction

Forecasts for November suggest a continuation of the market trend, with a potential price increase to $?0.0?9408. The expected price range lies between $?0.0?7303 and $?0.0?1117, influenced by last month's market performance. Investors may witness a potential gain of 370.50%, if they decide to buy SATS at current prices and sell it at predicted rates.

Potential ROI: 370.50%

December 2024: SATS Prediction

Satoshi is predicted to finish the year by changing hands in a trading channel between $?0.0?5861 and $?0.0?8144. This would entail that the price of SATS increased by 188.52% in comparison to today’s prices (assuming December’s average price of $?0.0?6848). In other words, investors would generate a potential profit of 243.09% if SATS follows the prediction.

Potential ROI: 243.09%

Satoshi Price Prediction 2025

In 2025, Satoshi is forecasted to trade in a price channel between $?0.0?4017 and $?0.0?9504. On average, SATS is expected to change hands at $?0.0?6089 during the year. The most bullish month for SATS could be January, when the currency is anticipated to trade 300.42% higher than today.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.0?6140$?0.0?7535$?0.0?9504
300.42%
February$?0.0?8032$?0.0?8430$?0.0?8854
273.00%
March$?0.0?6200$?0.0?7327$?0.0?8330
250.95%
April$?0.0?5177$?0.0?5970$?0.0?6663
180.69%
May$?0.0?4655$?0.0?5838$?0.0?6337
166.97%
June$?0.0?4017$?0.0?4531$?0.0?5087
114.30%
July$?0.0?4270$?0.0?4536$?0.0?4977
109.69%
August$?0.0?4364$?0.0?4956$?0.0?5993
152.48%
September$?0.0?5658$?0.0?6234$?0.0?6538
175.45%
October$?0.0?5704$?0.0?6097$?0.0?6447
171.61%
November$?0.0?5742$?0.0?6088$?0.0?6267
164.01%
December$?0.0?4681$?0.0?5528$?0.0?5894
148.30%

Satoshi Price Prediction 2026

Generally speaking, Satoshi price prediction for 2026 is bullish. The SATS cryptocurrency is forecasted to hit a high point of $?0.0?5137 in January and reach a low of $?0.0?1957 in August. Overall, SATS is expected to trade at an average price of $?0.0?3238 in 2026.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.0?4690$?0.0?4912$?0.0?5137
116.43%
February$?0.0?3830$?0.0?4321$?0.0?4768
100.86%
March$?0.0?3160$?0.0?3648$?0.0?3954
66.57%
April$?0.0?3233$?0.0?3479$?0.0?3835
61.56%
May$?0.0?3476$?0.0?3743$?0.0?4239
78.60%
June$?0.0?3099$?0.0?3535$?0.0?3774
58.98%
July$?0.0?2705$?0.0?3061$?0.0?3298
38.95%
August$?0.0?1957$?0.0?2336$?0.0?2796
17.81%
September$?0.0?2165$?0.0?2268$?0.0?2457
3.50%
October$?0.0?2340$?0.0?2572$?0.0?2913
22.73%
November$?0.0?2427$?0.0?2625$?0.0?2917
22.87%
December$?0.0?2183$?0.0?2358$?0.0?2544
7.19%

Satoshi Price Prediction 2027

The outlook for Satoshi in 2027 indicates a possible uptrend, with an expected price of $?0.0?2731. This represents a 15.08% increase from the current price. The asset's price is projected to oscillate between $?0.0?2148 in July and $?0.0?4591 in December. Investors could see a potential ROI of 93.40%, suggesting a favorable investment environment.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.0?2173$?0.0?2311$?0.0?2400
1.11%
February$?0.0?2304$?0.0?2346$?0.0?2395
0.91%
March$?0.0?2219$?0.0?2301$?0.0?2476
4.30%
April$?0.0?2396$?0.0?2536$?0.0?2795
17.77%
May$?0.0?2723$?0.0?2831$?0.0?3004
26.55%
June$?0.0?2299$?0.0?2651$?0.0?2813
18.50%
July$?0.0?2148$?0.0?2280$?0.0?2399
1.06%
August$?0.0?2262$?0.0?2309$?0.0?2374
0.01%
September$?0.0?2343$?0.0?2465$?0.0?2658
11.98%
October$?0.0?2649$?0.0?3301$?0.0?4417
86.09%
November$?0.0?3179$?0.0?3318$?0.0?3725
56.93%
December$?0.0?3537$?0.0?4129$?0.0?4591
93.40%

Satoshi Price Prediction 2028

Following a bullish trend in the previous year, 2028 is expected to continue this momentum. Satoshi’s value is forecasted to increase, potentially reaching an average price of $?0.0?4979. The price is predicted to fluctuate between a low of $?0.0?3697 in March and a high of $?0.0?7524 in September.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.0?4167$?0.0?4335$?0.0?4518
90.36%
February$?0.0?3715$?0.0?3958$?0.0?4438
86.97%
March$?0.0?3697$?0.0?3863$?0.0?4241
78.66%
April$?0.0?4022$?0.0?4206$?0.0?4354
83.45%
May$?0.0?4074$?0.0?4135$?0.0?4214
77.55%
June$?0.0?4143$?0.0?4217$?0.0?4374
84.28%
July$?0.0?4410$?0.0?4491$?0.0?4601
93.84%
August$?0.0?4387$?0.0?4651$?0.0?5326
124.37%
September$?0.0?5318$?0.0?6370$?0.0?7524
216.97%
October$?0.0?5913$?0.0?6531$?0.0?6803
186.59%
November$?0.0?6394$?0.0?6625$?0.0?6852
188.68%
December$?0.0?6074$?0.0?6372$?0.0?6722
183.21%

Satoshi Price Prediction 2029

Forecasts for 2029 suggest that SATS will experience a significant growth, with expected fluctuation ranging from $?0.0?6512 to $?0.0?1512. Investors might anticipate a potential ROI of 537.11%, aligning with a bullish outlook for the year.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.0?6512$?0.0?6927$?0.0?7416
212.44%
February$?0.0?7320$?0.0?7787$?0.0?8364
252.39%
March$?0.0?7656$?0.0?8661$?0.0?1007
324.39%
April$?0.0?9864$?0.0?1271$?0.0?1512
537.11%
May$?0.0?1165$?0.0?1257$?0.0?1365
475.07%
June$?0.0?1003$?0.0?1097$?0.0?1234
419.75%
July$?0.0?8102$?0.0?9368$?0.0?1066
349.18%
August$?0.0?9096$?0.0?9930$?0.0?1063
347.74%
September$?0.0?8028$?0.0?8678$?0.0?9268
290.47%
October$?0.0?7961$?0.0?8595$?0.0?9422
296.96%
November$?0.0?8945$?0.0?9336$?0.0?9720
309.50%
December$?0.0?8285$?0.0?8554$?0.0?8947
276.94%

Satoshi Price Prediction 2030

In the long term, Satoshi could reach a price of $?0.0?8822 in March of 2030. That’s a rather optimistic scenario, as SATS could trade as low as $?0.0?5995 in October. Overall, SATS’s price is projected to hover at around $?0.0?7370 during the year, about 210.49% above the current price of $?0.0?2374.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.0?7594$?0.0?7941$?0.0?8507
258.39%
February$?0.0?7530$?0.0?7790$?0.0?7970
235.79%
March$?0.0?8019$?0.0?8476$?0.0?8822
271.68%
April$?0.0?7605$?0.0?7822$?0.0?8079
240.37%
May$?0.0?7729$?0.0?7961$?0.0?8293
249.38%
June$?0.0?7737$?0.0?7872$?0.0?7960
235.34%
July$?0.0?7727$?0.0?7813$?0.0?7916
233.51%
August$?0.0?7031$?0.0?7655$?0.0?7851
230.78%
September$?0.0?6089$?0.0?6426$?0.0?6778
185.56%
October$?0.0?5995$?0.0?6241$?0.0?6467
172.46%
November$?0.0?6193$?0.0?6298$?0.0?6452
171.81%
December$?0.0?6081$?0.0?6144$?0.0?6212
161.73%

Satoshi Price Prediction For Years 2024, 2025, 2026, 2027, 2028, 2029, and 2030

Over the next several years, Satoshi is projected to increase, with prices potentially reaching $?0.0?1512 by 2029. This represents a 537.11% gain from today's value. The long-term forecast suggests a bullish trend, with potential highs of $?0.0?1512 and lows of $?0.0?1957 over the period.

YearMin. PriceAvg. PriceMax. PricePotential ROI
2024$?0.0?2350$?0.0?1752$?0.0?1117
370.50%
2025$?0.0?4017$?0.0?6089$?0.0?9504
300.42%
2026$?0.0?1957$?0.0?3238$?0.0?5137
116.43%
2027$?0.0?2148$?0.0?2731$?0.0?4591
93.40%
2028$?0.0?3697$?0.0?4979$?0.0?7524
216.97%
2029$?0.0?6512$?0.0?9507$?0.0?1512
537.11%
2030$?0.0?5995$?0.0?7370$?0.0?8822
271.68%

Satoshi Technical Analysis

Sentiment

Bullish

Based on data from October 26, 2024 at 21:10, the general Satoshi price prediction sentiment is bullish , with 27 technical analysis indicators signaling bullish signals, and 2 signaling bearish signals.

SATS price prediction was last updated on October 26, 2024 at 21:10.

Satoshi's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, Satoshi's 200-day SMA will drop in the next month and will hit $?0.00003699 by Nov 25, 2024. Satoshi's short-term 50-Day SMA is estimated to hit $?0.0?3918 by Nov 25, 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 27.58, which indicates that the SATS market is in a oversold position. The RSI indicator suggests that the price of SATS will decrease.

Popular SATS Moving Averages and Oscillators for Sun, Oct 27, 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).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$?0.0?2663BUY
SMA 5$?0.0?2715BUY
SMA 10$?0.0?2724BUY
SMA 21$?0.0?2840BUY
SMA 50$?0.0?2932BUY
SMA 100$?0.0?2908BUY
SMA 200$?0.00006225BUY

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$?0.0?2777BUY
EMA 5$?0.0?2794BUY
EMA 10$?0.0?2807BUY
EMA 21$?0.0?2865BUY
EMA 50$?0.0?1618BUY
EMA 100$?0.00001525BUY
EMA 200$?0.00005056BUY

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21$?0.00BUY
SMA 50$?0.00BUY
SMA 100$?0.00BUY
SMA 200--

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$?0.00003039BUY
EMA 50$?0.00007536BUY
EMA 100$?0.00002614BUY
EMA 200--

Satoshi 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.

PeriodValueAction
RSI (14)27.58NEUTRAL
Stoch RSI (14)3.45BUY
Stochastic Fast (14)9.63BUY
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)13.82NEUTRAL
Awesome Oscillator (5, 34)0.00NEUTRAL
Momentum (10)0.00NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-90.37BUY
Ultimate Oscillator (7, 14, 28)42.61NEUTRAL
VWMA (10)0.00SELL
Hull Moving Average (9)0.00SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.00NEUTRAL

Satoshi Key Price Levels

Based on today's classical pivot point (P1) with the value of $?0.0?2432, Satoshi has support levels of $?0.0?2185, $?0.0?2022, and the strongest at $?0.0?1775. Similarly, Satoshi resistance levels are at $?0.0?2594, $?0.0?2842, and $?0.0?3004.

Support Levels

#PriceStrength
S1$?0.0?2185  
S2$?0.0?2022  
S3$?0.0?1775  

Resistance Levels

#PriceStrength
R1$?0.0?2594  
R2$?0.0?2842  
R3$?0.0?3004  

Satoshi Correlation

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

Positively Correlated Currencies

NameCorrelation

Negatively Correlated Currencies

NameCorrelation

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

Satoshi Price Prediction FAQ

What is Satoshi's price prediction today?

Based on our Satoshi prediction chart, the price of Satoshi will increase by 0.00% and reach $?0.0?2350 by Oct 27, 2024.

What is Satoshi price prediction for tomorrow?

Satoshi is predicted to gain 0.00% and reach a price of $?0.0?2350 tomorrow.

What is the Satoshi price prediction for next week?

The Satoshi price prediction for next week is between $?0.0?2350 on the lower end and $?0.0?3226 on the high end. Based on our SATS price prediction chart, the price of Satoshi will increase by 37.26% and reach $?0.0?3226 by Nov 03, 2024 if it reaches the upper price target.

What is the Satoshi price prediction for 2024?

Satoshi is forecasted to trade within a range of $?0.0?2350 and $?0.0?1117. If it reaches the upper price target, SATS could decrease by -99.83% and reach $?0.0?1117.

What is the Satoshi price prediction for 2025?

According to our Satoshi price prediction, SATS is forecasted to trade within a price range of $?0.0?2350 and $?0.0?1117 next year. Satoshi will decrease by -99.83% and reach $?0.0?1117 if it reaches the higher value target for 2025.

What is the Satoshi price prediction for 2030?

The Satoshi price prediction for 2030 is between $?0.0?6512 on the lower end and $?0.0?1512 on the high end. Based on our SATS price prediction chart, the price of Satoshi could lose -99.78% and reach $?0.0?1512 if it reaches the upper price target.

Will Satoshi reach $0.01?

Satoshi would need to gain 1,387.21% to reach $0.01. According to our Satoshi prediction algorithm, the price of Satoshi will not reach $0.01. The highest expected price our algorithm estimates is $?0.00001060 by 2048.

Will Satoshi reach $0.1?

Satoshi would need to gain 14,772.12% to reach $0.1. According to our Satoshi prediction algorithm, the price of Satoshi will not reach $0.1. The highest expected price our algorithm estimates is $?0.00001060 by 2048.

Will Satoshi reach $1?

Satoshi would need to gain 148,621.20% to reach $1. According to our Satoshi prediction algorithm, the price of Satoshi will not reach $1. The highest expected price our algorithm estimates is $?0.00001060 by 2048.

What is the current Satoshi sentiment?

The current Satoshi sentiment is bullish according to our technical analysis. The majority of technical indicators are showing buy.

What is the Satoshi Fear & Greed Index and what does it indicate?

Currently, the Satoshi Fear & Greed Index stands at 69, which means that investors’ sentiment is in the so-called Greed zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Satoshi investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Satoshi?

Over the last 30 days, Satoshi had 12/30 (40%) green days. According to our historical data, it is currently profitable to invest in Satoshi. The price of Satoshi increased by 98.16% in the last 1 year, while the coin’s 3-year performance is 14.38%.

Is Satoshi a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Satoshi in 2024 is bullish. This could be an indication that Satoshi is a good buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Satoshi or not.

What will the price of Satoshi be next week?

According to our Satoshi forecast, the price of Satoshi will increase by 30.41% over the next week and reach $?0.0?3065 by October 31, 2024.

What will the price of Satoshi be next month?

According to our Satoshi forecast, the price of Satoshi will increase by 229.69% over the next month and reach $?0.0?7748 by November 25, 2024.

What is Satoshi's 50-Day SMA and what does it indicate?

Satoshi’s 50-day SMA (simple moving average) is currently $?0.0?2932. The 50-day SMA indicates the average price of Satoshi over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive SATS price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Satoshi's 200-Day SMA and what does it indicate?

Satoshi’s 200-day SMA is currently $?0.00006225. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Satoshi 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that SATS has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Satoshi price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Satoshi’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Satoshi's 14-day RSI and what does it indicate?

Satoshi’s 14-day RSI is at 27.58, indicating that SATS is currently overvalued.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Satoshi. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Satoshi go back up?

Based on our algorithmically generated price prediction for Satoshi, the price of SATS is expected to decrease by 229.69% in the next month and reach $?0.0?7748 on Nov 25, 2024. Additionally, Satoshi’s price is forecasted to gain 181.55% in the next six months and reach $?0.0?6617 on Apr 24, 2025. Finally, Satoshi is expected to trade at $?0.0?6289 on Oct 26, 2025, following a 167.62% value decrease in one year.

How does our price prediction for Satoshi work?

The Satoshi price prediction on CoinCodex is calculated using the historical Satoshi price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Satoshi prediction.

How to read and predict Satoshi price movements?

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

Satoshi Price Prediction Indicators

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

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

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

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

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

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute 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.

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