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11 months ago
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ARTICLE AD BOX
- Bullish BAL price prediction for 2024 is $5.635 to $7.922.
- Balancer (BAL) price might reach $10 soon.
- Bearish (BAL) price prediction for 2024 is $2.894.
In this Balancer (BAL) price prediction 2024, 2025-2030, we will analyze the price patterns of BAL by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
BALANCER (BAL) PRICE PREDICTION 2024 |
|
| BALANCER (BAL) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Balancer (BAL) Current Market Status
| Current Price | $4.20 | 24 – Hour Price Change | 1.01% Down |
| 24 – Hour Trading Volume | $12,150,676 |
| Market Cap | />$228,367,009 |
| Circulating Supply | 54,422,662 BAL | All – Time High | $74.77 ( On May 04, 2021) |
| All – Time Low | $2.92 (On Oct 19, 2023) |
What is Balancer (BAL)
| TICKER | BAL |
| BLOCKCHAIN | Ethereum |
| CATEGORY | Decentralized Finance |
| LAUNCHED ON | March 2020 |
| UTILITIES | Governance, security, gas fees & rewards |
Balancer (BAL) is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, designed to facilitate automated portfolio management and liquidity provision. Launched in March 2020, Balancer operates as an automated portfolio manager and liquidity provider, allowing users to create and manage token portfolios, known as liquidity pools. These pools consist of multiple tokens with different weights, enabling dynamic asset allocation.
BAL is the native utility token of the Balancer platform, serving various functions such as governance, and allowing holders to participate in protocol decisions. Users can earn BAL by providing liquidity to pools and participating in the governance process. Balancer enhances decentralized finance by offering a flexible and customizable approach to liquidity provision and portfolio management, contributing to the evolving landscape of decentralized applications and financial services on the Ethereum blockchain.
Balancer 24H Technicals
(Source: TradingView)
Balancer (BAL) Price Prediction 2024
Balancer (BAL) ranks 190th on CoinMarketCap in terms of its market capitalization. The overview of the Balancer price prediction for 2024 is explained below with a daily time frame.
BAL/USDT Rounding Bottom Pattern (Source: TradingView)
In the above chart, Balancer (BAL) laid out a rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.
At the time of analysis, the price of Balancer (BAL) was recorded at $4.20. If the pattern trend continues, then the price of BAL might reach the resistance level of $5.040, and $2.8.629. If the trend reverses, then the price of BAL may fall to the support of $2.972.
Balancer (BAL) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Balancer (BAL) in 2024.
BAL/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Balancer (BAL) for 2024.
| Resistance Level 1 | $5.635 |
| Resistance Level 2 | $7.922 |
| Support Level 1 | $4.208 |
| Support Level 2 | $2.894 |
BAL Resistance & Support Levels
Balancer (BAL) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Balancer (BAL) are shown in the chart below.
BAL/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Balancer (BAL) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $4.145Price = $4.300 (50MA < Price) | Bullish/ Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 52.708 <30 = Oversold 50-70 = Neutral>70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Balancer (BAL) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Balancer (BAL) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
BAL/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Balancer (BAL).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 13.819 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 53.51 <50 = Low >50 = High | High volatility |
Comparison of BAL with BTC, ETH
Let us now compare the price movements of Balancer (BAL) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs BAL Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of BAL is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BAL also increases or decreases respectively.
Balancer (BAL) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Balancer (BAL) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Balancer (BAL) Price Prediction 2025 | $13 | $2.5 |
| Balancer (BAL) Price Prediction 2026 | $15 | $2 |
| Balancer (BAL) Price Prediction 2027 | $17 | $1.5 |
| Balancer (BAL) Price Prediction 2028 | $19 | $1 |
| Balancer (BAL) Price Prediction 2029 | $21 | $0.5 |
| Balancer (BAL) Price Prediction 2030 | $23 | $0.2 |
Conclusion
If Balancer (BAL) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Balancer (BAL) price prediction for 2024 is $7.922. Comparatively, if unfavorable sentiment is triggered, the bearish Balancer (BAL) price prediction for 2024 is $2.894.
If the market momentum and investors’ sentiment positively elevate, then Balancer (BAL) might hit $10. Furthermore, with future upgrades and advancements in the Balancer ecosystem, BAL might surpass its current all-time high (ATH) of $74.77 and mark its new ATH.
FAQ
1. What is Balancer (BAL)?
Balancer (BAL) is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, designed to facilitate automated portfolio management and liquidity provision.
2. Where can you purchase Balancer (BAL)?
Balancer (BAL) has been listed on many crypto exchanges, including Binance, Coinbase Pro, Kraken, Huobi, and Uniswap
3. Will Balancer (BAL) reach a new ATH soon?
With the ongoing developments and upgrades within the Balancer Platform, BAL has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Balancer (BAL)?
On May 04, 2021, BAL reached its new all-time high (ATH) of $74.77.
5. What is the lowest price of Balancer (BAL)?
According to CoinMarketCap, BAL hit its all-time low (ATL) of $2.92 on Oct 19, 2023.
6. Will Balancer (BAL) reach $10?
If Balancer (BAL) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be Balancer (BAL) price by 2025?
Balancer (BAL) price is expected to reach $13 by 2025.
8. What will be Balancer (BAL) price by 2026?
Balancer (BAL) price is expected to reach $15 by 2026.
9. What will be Balancer (BAL) price by 2027?
Balancer (BAL) price is expected to reach $17 by 2027.
10. What will be Balancer (BAL) price by 2028?
Balancer (BAL) price is expected to reach $19 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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