WazirX (WRX) Price Prediction 2023-2030: Will WRX Price Hit $1 Soon?

• Bullish WRX’s price prediction ranges from $0.6658 to $0.7159.
• Analysis suggests that the WRX price might reach $1.0260 soon.
• WRX’s bearish market price prediction for 2023 is $0.0174.

When cryptocurrencies were introduced to the world, these digital assets faced few barriers during its entry. To solve this challenge, many crypto exchanges across the globe opened up the gates in each country by simplifying the entry process. WazirX is one such exchange that has promoted the crypto world in India by providing diverse trading features for Indian traders. WRX is the utility token of Wazir and provides various benefits for its users within the crypto exchange.

If you are interested in the future of WazirX and would want to know the price analysis and price prediction of WRX for 2023, 2024, 2025, 2026, and up to 2050, keep reading this Coin Edition article.

WazirX (WRX) Market Overview

What is WazirX (WRX)?

WazirX is a crypto exchange that enables users to easily buy, sell, or trade assets like Bitcoin, Ethereum, Litecoin, Ripple, and more in India. It focuses on offering a simple and powerful interface to help users and traders navigate through the website seamlessly. Trades can also engage with diverse trading features such as real-time open order books, charting, trade history, deposits, and withdrawals further enhancing the users’ trading experience. 

Claiming itself as ‘India’s fastest growing crypto exchange’, WazirX has reported over 400,000 users. Although WazirX has opened the crypto trading world for Indians, the crypto exchange is also available for the global audience.

WRX, the utility token of WazirX, has a total supply of 1 billion. With the WRX, traders, and users can access various benefits such as trading fee discounts, WRX trade mining, token airdrop, margin fees, and more within the crypto exchange. Even to this day, WazirX is continuing its goal of making crypto accessible for everyone including in India. 

WazirX (WRX) Current Market Status

With 381,856,872 WRX in circulation, WRX trades at $0.1254 at the time of writing. WRX has a 24-hour trading volume of $63,644,492, after experiencing a surge of 2288.88% spike, according to CoinMarketCap. During the previous 24 hours. the price of WRX has increased by 29.70%.

At the moment, the most popular crypto exchanges to trade WRX are Binance, Gate.io, Kucoin, WazirX, Poloniex, and Bitrue. Let’s continue with our WRX price research for 2023.

WazirX (WRX) Price Analysis 2023

Currently, WRX ranks 382 on CoinMarketCap. Will the WRX blockchain’s most recent improvements, additions, and modifications help the price of cryptocurrencies rise? Now, let’s focus on the charts in this article’s WRX price forecast first.

WazirX (WRX) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

The Bollinger bands have expanded after the candlestick made a gigantic leap breaking beyond the upper band in an instant. This surge that WRX experienced was one of the main factors that contributed to the expansion of the Bollinger Bands. Even if the candlesticks face a fall, there may be a chance that Bollinger Bands would remain in an expanded state for some time. The bands’ expansion also signifies that the volatility in this market has increased.  

WazirX (WRX) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered as the overbought region, and traders expect the price could fall soon.

The RSI reported that WRX saw a massive number of buyers entering the market in a short span of time. The RSI, in fact, crossed beyond the levels of the 80 level further confirming that there were a large number of buyers entering the market. However, it seems that the seller has taken advantage of this surge, resulting in the altcoin facing a retracement. Currently, the RSI is pointed at 62.36 and is expected to fall even more as it is pointed downwards.

WazirX (WRX) Price Analysis – Moving Average Convergence Divergence (MACD) 

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

The MACD reveals that WRX seems to be experiencing a bull run over the short period as green bars seem to be forming. On Saturday, it was believed to be the perfect to take advantage of this situation to gain more profits. However, recently, the red candlestick forming could be a sign of a potential retracement which could follow back to its level.

WazirX (WRX) Price Prediction 2023 – 2030 Overview

WazirX (WRX) Price Prediction 2023

Looking at the 1-Day WRX/USDT chart, WazirX’s utility token has finally experienced a major spike in its price as the candlestick broke above the upper band of the RSI bands indicator. Earlier this month, the bands were moving in closer, which could have indicated that the price may be consolidating. 

However, unexpectedly, the altcoin spiked causing the bands to stretch with high pressure. Observing the past behavior of the asset, it seems that whenever the candlesticks touch the upper band an imminent fall may happen sooner or later. Likewise, the recently formed red candlestick could be an indication of an imminent fall. However, it is still too early to decide and traders need more confirmation.

Meanwhile, the price prediction of WRX for 2023 remains to be bullish and is expected to reach beyond the level of $0.6658. The bearish price prediction range for WRX is between $0.0174 to $0.0054. WRX’s price could also reach $1.0260 if it experiences an extremely bullish sentiment.

WazirX (WRX) Price Prediction 2023 – Resistance and Support

Over the long term period, the candlesticks still have a long way to go before breaking beyond its bullish sentiment. If WRX is able to maintain its bullish sentiment or if such massive spikes happen more often, the altcoin would break beyond the 0.236 level of the Fib retracement. A continuous uptrend could further drive WRX beyond the levels of the 0.382 and 0.5 levels. Ultimately, WRX has the potential to reach new heights with the passing of time.

WRX Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. WRX could also be affected by Bitcoin halving and could trade beyond the price of $1.990 by the end of 2024.

WRX Price Prediction 2025

WRX could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, WRX will continue to rise in 2025 forming new resistance levels. It is expected that WRX will trade beyond the $2.817 level.

WRX Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, WRX could tumble into its support region of $2.051. Moreover, when WRX remains in the oversold region, there could be a price correction soon. WRX, by the end of 2026, could be trading beyond the $2.779 resistance level after experiencing the price correction.

WRX Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. WRX is expected to rise after its slumber in the bear season. Moreover, WRX could even break more resistance levels as it continues to recover from the bearish run. Therefore, WRX is expected to trade at $2.982 by the end of 2027.

WRX Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, WRX will continue to form new higher highs and is expected to move in an upward trajectory. Hence, WRX would be trading at $3.944 after experiencing a massive surge by the end of 2028. 

WRX Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, WRX could be trading at $4.325 by the end of 2029.

WRX Price Prediction 2030

After witnessing a bullish run in the market, WRX and many altcoins would show signs of consolidation and might trade sideways for some time while experiencing minor spikes. Therefore, by the end of 2030, WRX could be trading at $4.217.

WRX Price Prediction 2040

The long-term forecast for WRX indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, WRX may face a slight fall before starting its upward journey once again. It is expected that the average price of WRX could reach $14.848 by 2040.

WRX Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, WRX could surpass the resistance level of $29.072.  

Conclusion

WRX has been part of the watch-out list for many investors as it aims to make its mark in the blockchain industry. If investors continue to show interest in WRX and add these tokens to their portfolio, then, it could continue to rise up. WRX’s bullish price prediction shows that it could pass beyond the $0.6658 level. Moreover, WRX could surpass the $23.22 level by the end of 2050. 

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