The 200-day SMA is calculated by taking Unbound Finance’s closing prices in the last 200 days, adding them together, and dividing the total by 200. Based on multiple technical quantitative indicators, the current forecast for Unbound Finance in 2023 is neutral. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Unbound Finance or not. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 37.37, which indicates that the UNB market is in a neutral position.
According to our historical data, it is currently profitable to invest in Unbound Finance. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. Among all the assets available on CoinStats, these have the most similar market capitalization to Unbound Finance.
Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price league of kingdoms how to earn action, while others are seen as bearish. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels.
Auto staking of collateralized assets to enable boosted yield for users
Just like with any other asset, the price action of Unbound Finance is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of UNB. The market capitalization of Unbound Finance can change significantly in a short period of time. Most traders use candlestick charts, as they provide more information than a simple line chart. The Unbound Finance price prediction on CoinCodex is calculated using the historical Unbound Finance price dataset, accounting for past volatility and market movements.
When trying to make a Unbound Finance forecast, many traders also try to monitor the activity of UNB “whales”, which are entities and individuals that control large amounts of UNB. Since the Unbound Finance market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Unbound Finance’s price movements. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. Unbound Finance price in US Dollar has decreased by -33.38% in the last 1 month. UNB is down -32.78% against Ethereum and down -37.47% against Bitcoin in the last 1 month.
- The Unbound Finance price prediction on CoinCodex is calculated using the historical Unbound Finance price dataset, accounting for past volatility and market movements.
- The market capitalization of Unbound Finance can change significantly in a short period of time.
- The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70).
- If you wish to purchase UNB, check our guide on how to buy Unbound Finance in 6 steps.
The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).
Unbound Finance Price Chart (UNB)
Moving averages are among the most popular Unbound Finance price prediction tools. As the name suggests, a moving average provides the average closing price for UNB over a selected time frame, which how to buy solana on phantom is divided into a number of periods of the same length. For example, a 12-day simple moving average for UNB is a sum of UNB’s closing prices over the last 12 days which is then divided by 12.
The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. Unbound Finance traders use a variety of tools to try and determine the direction in which the UNB market is likely to head next. When trying to predict the Unbound Finance price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.
Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Unbound Finance’s price action in 1-hour chunks. Each candlestick will display UNB’s opening price, closing price, as well as the highest and lowest prices that Unbound Finance reached within the 1-hour period. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Unbound Finance.
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What is Unbound Finance’s price prediction today?
In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Unbound Finance prediction. Many cryptocurrency traders pay close attention to the markets when the current Unbound Finance price crosses an important moving average like the 200-day SMA.
Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the UNB price. The current Unbound Finance sentiment is neutral according to our technical analysis. Unbound Finance is being traded on 2 cryptocurrency exchanges, including KuCoin and MEXC.
Bullish and bearish price prediction patterns
Currencies that are positively correlated with Unbound Finance indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Unbound Finance, a move in one direction for Unbound Finance would translate into a move in the opposite direction for the negatively correlated coin. The table above shows the number of days which Unbound Finance closed above a certain price level. Currently, the Unbound Finance Fear & Greed Index stands at 50, which means that investors’ sentiment is in the so-called Neutral zone. To get a better idea of what could happen to the Unbound Finance price in the future, it’s helpful to also explore Unbound Finance’s price history. UNBNK also gains functionality on UNBNK.com through the UNBNK protocol – a lending & borrowing platform that focuses on NFT assets as collateral.
If you wish to purchase UNB, check our guide on how to buy Unbound Finance in 6 steps. The price of Unbound Finance in the ICO was $ 0.012 and the token sale ended on Dec 14, 2021. Since then, UNB price decreased 0.03x against US Dollar, decreased 0.07x against Ethereum and decreased 0.05x against Bitcoin.