Moonbeam Price Prediction – Will GLMR Price Hit $6 Soon?

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

There are many cryptos that spiked to a new all-time during this 2021 bull run. In contrast, some crypto also faced a downtrend position. As a result, many crypto traders are worried about whether it is time to hold or sell their crypto. Moonbeam (GLMR) gave a surprising surge after it attained an all-time high price of $19.50 on January 11^th, 2022 according to CoinGecko.

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

What Is Moonbeam (GLMR)?

Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.

Moonbeam is much more than just an EVM implementation: it’s a highly specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.

Moonbeam offers an Ethereum-like environment on top of Substrate (rather than a Geth-based solution). This lets developers redeploy their existing smart contracts easily, using the same tools and integrations they already use, but also take advantage of the modern Substrate framework on which all Polkadot parachains are built.

The Moonbeam network makes it possible for developers with Solidity or Vyper-based smart contracts to “go multi-chain” and extend their influence into the polkadot ecosystem. Polkadot’s blockchain ensures seamless sharing of workloads on a new layer.

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

Moonbeam (GLMR) Current Market Status

As of the time of writing this 0x technical analysis, GLMR trades at $4.00 with a 24-hour trading volume of $120,010,832. The price of GLMR has increased by 0.12% in the last 24-hours.

Furthermore, Moonbeam has a current circulating supply of 206,061,843.00 GLMR. Currently, the top crypto asset trading platforms for moonbeam (GLMR) are Binance, Gate.io, Kraken, Kucoin, Huobi Global, Mexc and others.

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

Moonbeam (GLMR) Price Analysis 2022

Currently, Moonbeam (GLMR) holds the 94th place on CoinMarketCap. But will the latest upgrades, developments, and changes in the Moonbeam ecosystem help the cryptocurrency price to reach higher? Let’s proceed to the charts in this GLMR price prediction 2022 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 GLMR/USDT, we can deduce that the price of GLMR might get bullish in some days since the price is consolidating at the first half of the channel from the base. 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.

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 43.35.  This shows that Moonbeam (GLMR) is showing a neutral trend since its RSI lies between 30 and 50. This value can trigger either a bullish run or a bearish run since both the yellow and blue curves are touching. Hence, traders should wait for a clear price action before entering the market.

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 wide and both moving averages are below the recent candlesticks, there might be consolidation before a bearish run if sellers have their way.

Moonbeam (GLMR) Price Prediction

The chart below shows that Moonbeam (GLMR) has performed great over the past few days. Moreover, the GLMR price over 62.2% in the last 30 days. If this trend continues, Moonbeam might run along with the bulls, overtaking its $4.57 resistance1 level and reach higher to $5.51 resistance2 level, the 2022 bullish signal.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone Moonbeam from its recent gaining position. In simpler terms, the price of GLMR might drop to almost $1.94, a bearish signal.

Meanwhile, our long-term Moonbeam (GLMR) price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $19.50. However, it is impossible for GLMR to reach this level within this year.

Moonbeam (GLMR) Price Prediction 2022

If this bullish trend continues, GLMR will reach $5.51 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $4.57. 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.

Moonbeam (GLMR) Price Prediction 2023

If GLMR holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $10, making it not plummet but play consistently.

Moonbeam (GLMR) Price Prediction 2024

As per the latest upgrades, developments, Moonbeam price prediction, and new project forecasts of the platform, Moonbeam investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of Moonbeam (GLMR) in the crypto market, and it will be the best investment as the price can spike and reach around $25.

Moonbeam (GLMR) Price Prediction 2025

In the next four years, GLMR prices could rise up to $40. More so, reaching this level could not be so difficult for GLMR as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that GLMR has a high possibility of reaching a new ATH soon in the next four years as per the prediction.

Moonbeam (GLMR) Price Prediction 2026

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

Conclusion

Moonbeam (GLMR) has a bright future ahead of it in 2022. With the ongoing developments happening within the GLMR ecosystem, as well as in the overall crypto market, we may see GLMR reach new heights.

Bullish GLMR price prediction for 2022 is $5.51. As said above, it may even reach $6 if investors have decided that GLMR is a profitable 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.