WazirX Price Prediction 2022 – Will WRX Hit $2 Soon?

  • Bullish WRX price prediction ranges from $1.042 to $1.742.
  • WRX price might also reach $2 soon.
  • WRX bearish market price prediction for 2022 is $0.515.

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

There are various cryptocurrencies that rose to a new all-time during this 2021 bull run. In contrast, some crypto assets also faced a price drop. As a result, many digital currency traders are worried about whether it is time to hold or sell their digital assets. This is also the same situation that crypto traders could experience in WRX. Wazirx has gained 23.6% in the past one year.

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

What is WazirX (WRX)?

WazirX is considered India’s fastest-growing crypto exchange platform with more than 400,000 users. However, it launched in 2018 with an average 4.6 app rating. Moreover, WazirX is also a part of the Binance platform. More so, WazirX and Binance have made over $50 million for Blockchain for the India fund. Added to this, the exchange is available for the global audience. Notably, the following are the key features.

  • Instant INR (fiat) deposit and withdrawal options
  • Smart Token Fund to help crypto investors find expert traders, and let them manage their cryptocurrency portfolio
  • World’s first auto-matching P2P engine with high liquidity
  • 80+ tokens
  • Login via Binance option

Even more, WRX is the utility token of WazirX. WRX token is related to the Binance blockchain. However, its total supply is $1 billion. Added to this, the token holders will reward with various benefits on the crypto trading platform. These include fee discounts, WRX trade mining, airdrop, and many more.

WRX is backed by Indian entrepreneurs with more than 10 years of experience in building and scaling global products in India. In addition, WazirX was also acquired by Binance in November 2019. More so, the goal of WazirX is to make crypto accessible to everyone in India.

Now that we are clear about WRX do you think WRX will be beneficial crypto in 2022? Join me and let us see the charts in this WRX price analysis and WRX price prediction.

WazirX (WRX) Current Market Status

As of the time of writing this WRX price analysis, WRX trades at $0.5975 with a 24-hour trading volume of $44,266,152. The price of WRX has increased by 4.56% in the last 24 hours.

Furthermore, WRX has a current circulating supply of 381,856,864.34 WRX. Currently, the top cryptocurrency exchanges for WRX are Binance, FTX, HitBTC, Bitcoin.com Exchange, and Gate.io

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

WazirX (WRX) Price Analysis 2022

Currently, WRX holds the 222nd place on CoinGecko. But will the latest upgrades, development, and changes in the WRX blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this WRX price prediction article.

WRX/USDT 1Day Chart Showing the Keltner Channel Indicator (Source: Tradingview)

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 WRX/USDT, we can deduce that the price of Wazirx (WRX) might experience a bearish run since it is consolidating after a breakout from the middle of the channel. 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.

WRX/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

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 1-day chart is 46.35.  This shows that Wazirx is showing a neutral trend since it is between 30 and 50. A bullish run might be triggered soon since it seems that more buyers are repositioning as the value is moving towards the 50 RSI value which is the strong trend region.

WRX/USDT 1Day Chart Showing the 200-MA and 100-MA (Source: Tradingview)

The 200-MA is above the 100-MA in the WRX/USDT 1day chart above. The gap between the two moving averages is not close, which means that the present long-term yield for WRX will be high, though there will be a bearish run since the 100-MA is getting closer to the last candlestick.

WazirX (WRX) Price Prediction

The chart below shows that WRX has performed great over the past few days. Moreover, the WRX price shows a bearish trend. If this trend continues, WRX might run along with the bears, overtaking its $0.515 support level and move lower.

WRX/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bulls might take over and push WRX from its uptrend position. In simpler terms, the price of WRX might increase to almost $0.776 at resistance1 level and move higher to $1.742 at resistance3, a bullish signal.

Meanwhile, our long-term WRX price prediction for 2022 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

Wazirx (WRX) Price Prediction 2022

If this bullish trend continues, WRX Token will reach $1.742 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $1.042. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $2 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Wazirx (WRX) Price Prediction 2023

If WRX holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $4, making it not plummet but play consistently.

Wazirx (WRX) Price Prediction 2024

As per the latest upgrades, developments, WRX price prediction, and new project forecasts of the platform, WRX investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of WRX in the crypto market, and it will be the best investment as the price can spike and reach around $9.

Wazirx (WRX) Price Prediction 2025

In the next four years, WRX prices could race up to $12. However, reaching this level could not be so difficult for WRX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that WRX has a high possibility of reaching new ATH soon in the next four years as per the prediction.

Wazirx (WRX) Price Prediction 2026

In the next five years, WRX prices could race up to $15. However, reaching this level could not be so difficult for WRX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that WRX has a high possibility of reaching new ATH soon in the next five years as per the prediction.

Conclusion

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

Bullish WRX price prediction 2022 is $1.742. As said above, it may even reach $2 if investors have decided that WRX is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

How to Buy WRX Tokens?

Users can obtain WRX tokens by purchasing them from cryptocurrency exchanges such as Binance, FTX, HitBTC, Bitcoin.com Exchange, and Gate.io.

Will WRX Surpass its Current ATH?

WRX is a good investment in 2022. However, WRX has a low possibility of reaching new heights this year.

Can WRX reach $2 soon?

Yes, it’s very much possible that WRX might reach $2 in the near future as per the current bullish trend.

What will be the Wazirx price by 2022?

WRX price is expected to reach $1.742 by 2022.

What will be the Wazirx price by 2023?

WRX price is expected to reach $4 by 2023.

What will be the Wazirx price by 2024?

WRX price is expected to reach $9 by 2024.

What will be the Wazirx price by 2025?

WRX price is expected to reach $12 by 2025.

What will be the Wazirx price by 2026?

WRX price is expected to reach $15 by 2026.

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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