DAO Maker Price prediction – Will DAO Price Hit $6 in 2022?

This DAO Maker Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into account upon coming up with our DAO price analysis and prediction.

There are many cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some digital assets also faced a price drop. As a result, many crypto traders are worried about whether it is time to hold or sell their digital assets. This is also the same case that crypto traders could experience in DAO.

Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will DAO experience the same price volatility? We’ll find out shortly in this DAO price analysis 2022 article. But first, let’s have a look at what DAO is.

What Is DAO Maker (DAO)?

DAO Maker Token is built on Ethereum (ETH) allowing holders to govern the ecosystem. In late 2020, DAO Maker held a series of Dynamic Coin Offerings, however, raising more than $8 million. More so, the DAO Maker Token focuses on developing a decentralized environment, enabling a go-to platform for retail ventures to invest in equity and tokens.

Moreover, the DAO Maker has been explained as a leader in blockchain SaaS solutions, community creation, & token economics design.

Now that we have an idea about DAO, do you think DAO will be profitable crypto in 2022? Join me and let us see the charts in this DAO price prediction.

DAO Maker (DAO) Current Market Status

As of the time of writing this DAO Maker technical analysis, DAO trades at $2.75 with a 24-hour trading volume of $14,029,258. The price of DAO has increased by 1.04% in the last 24 hours.

Furthermore, DAO has a current circulating supply of 69,935,971.13 DAO. Currently, the top crypto asset trading platforms for Maker DAO are OKEx, KuCoin, Gate.io, Uniswap (V3) and Bibox.

Now, let’s proceed to the next part of this DAO technical analysis for 2022.

DAO Maker (DAO) Price Analysis 2021

Currently, DAO holds the 281st place on CoinMarketCap. But will the latest upgrades, developments, and changes in the DAO blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this DAO price prediction article.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for DAO/USDT, we can deduce that the price of DAO might get bullish in some days since the price is consolidating at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

Williams Alligator indicator is a technical analysis tool that uses the smooth changes in three moving averages to deduce trading signals. The blue, red, and green colored curves in the DAO Maker (DAO) chart above represent the jaw, teeth, and lips respectively. Since the jaw is below the last candlestick in the chart above, the price of DAO might remain bullish.

From the chart above, the 200-MA is below the 100-MA which means that short-term investors would gain. However, since the gap between the two moving averages is large and the 100-MA is touching the recent candlesticks, there might be a bearish run before the continuation of the recent bullish run.

DAO Maker (DAO) Price Prediction

The chart below shows that DAO has performed great over the past few days. Moreover, the DAO price over 28.3% in the last 2 weeks. If this trend continues, DAO might run along with the bulls, overtaking its $3.71  resistance1 level and reaching higher to $5.87 at resistance4, the bullish signal for 2022.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone DAO from its uptrend position. In simpler terms, the price of DAO might drop to almost $1.23, a bearish signal.

Meanwhile, our long-term DAO price prediction for 2022 is bullish. However, there is no possibility of surpassing its current all-time-high (ATH) at about $8.75 according to CoinMarketCap in 2021.

DAO Maker (DAO) Price Prediction 2022

If this bullish trend continues, DAO will reach $5.87  by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $4.29. Then the rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $6 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

DAO Maker (DAO) Price Prediction 2023

If DAO holds the support level around 200-MA which is the long-term moving average, buyers will then have DAOe time and stability to forge the next attack mission on the vital level at $15, making it not plummet but play consistently.

DAO Maker (DAO) Price Prediction 2024

As per the latest upgrades, developments, DAO price prediction, and new project forecasts of the platform, DAO investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of DAO in the crypto market, and it will be the best investment as the price can spike and reach around $50.

DAO Maker (DAO) Price Prediction 2025

In the next four years, DAO prices could rise up to $75. More so, reaching this level could not be so difficult for DAO as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that DAO has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

DAO Maker (DAO) Price Prediction 2026

In the next five years, DAO prices could rise up to $100. More so, reaching this level could not be so difficult for DAO as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that DAO has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

DAO has a bright future ahead of it in 2022. With the ongoing developments happening within the DAO system, as well as in the overall cryptocurrency market, we may see DAO reach new heights.

Bullish DAO price prediction for 2022 is $5.87. As said above, it may even reach $6 if investors have decided that DAO is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

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Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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