SSV Price Prediction: SSV Network Rises 27% to $44. Can it Maintain the Bull Run?

The value of SSV has risen 27% for the reason that begin of 2023. At press time, the value of SSV is buying and selling above the 200-day transferring common in a comparatively sturdy bullish transfer. Can it maintain the bullish transfer, or is it one other bull entice? Let’s discover out on this SSV value prediction.

SSV Worth Rises as a Whale and Smartmoney Will increase Holdings 

Earlier, there was a big 16% improve within the value of SSV. This surge in value coincides with the information {that a} whale and a SmartMoney investor have elevated their holdings in SSV.

1/ The value of $SSV rises 16% at the moment.

We seen {that a} whale and a SmartMoney elevated their $SSV holdings.

Share them with you.👇 pic.twitter.com/MQ6TbaR53n

— Lookonchain (@lookonchain) February 26, 2023

Information from etherscan.io reveals that on January 11 and January 31, the entity “Whale” with handle “0x8618” obtained 75,000 items of the cryptocurrency SSV, which quantities to $3.25 million, from the digital asset trade Binance. The common value at which the whale obtained the SSV was $15.1. At press time, the Whale generated virtually $2 million in revenue from the SSV obtained from Binance.

Alternatively, knowledge additionally reveals that on July 7 and December 16, 2022, Binance despatched 27,878 SSV to the handle “0xbCA5,” belonging to the Smartmoney investor. The common value at which SmartMoney obtained the tokens was $8.6. 

4/ The SmartMoney obtained 24,001 $SSV from #Binance once more on Feb 7 and Feb 13, the common receiving value is $27.8.https://t.co/wKiRO3WLyC

— Lookonchain (@lookonchain) February 26, 2023

Later, when the SSV rose to $16, the Whale bought the identical quantity of tokens (27,878) again to Binance, making a revenue of $240K. SmartMoney obtained a further 24,001 SSV from Binance on February 7 and 13. The common value at which they obtained the tokens was $27.8.

SSV Market Worth Evaluation 

SSV Community (SSV) has skilled a big surge in its value, with a 15.50% improve within the final 24 hours and a 27.00% improve over the previous 7 days. As of the time of writing, SSV is buying and selling at $44.61, and its 24-hour buying and selling quantity has reached $50,190,931.

With a circulating provide of seven.1 million SSV, the community’s market capitalization has now reached $317,368,572. This surge in worth is a testomony to the rising reputation of SSV Community amongst buyers and merchants. Moreover, the value of SSV has been consolidated since mid-year 2022 and solely began surging in January 2023 from its all-time low of $3.67 to its present ATH of $45, achieved on February 26, 2023.

The SSV Community is a decentralized platform that goals to deliver transparency and safety to numerous industries, together with finance, provide chain administration, and logistics. Its modern know-how makes use of blockchain and good contract protocols to allow safe and verifiable knowledge sharing throughout completely different events.

SSV Technical Evaluation: Sustaining The Bull Rally 

The value of SSV is in a protracted consolidation that has lasted since mid-year 2022. The value has been buying and selling alongside the transferring averages, indicating neither the bulls nor the bears had been aggressive sufficient to push the costs in both course.

The 200-day and 50-day transferring averages point out a crossover at the start of 2023, prompting the value to rise above the transferring averages. This is similar time when the whale invests closely within the token. 

At press time, the 50-day transferring common is buying and selling at $24 and is predicted to succeed in $35 by the tip of March, much like the 200-day SMA buying and selling at $15. Moreover, the Relative Power Index (RSI) trades above the 50-level mark and the 70 mark. It is a clear sign of a powerful bullish transfer going down within the value of the SSV token.

The SSV value may proceed to rise, however it is not going to maintain itself if extra buyers don’t put money into the token. If this situation performs out, our prediction on the upper facet will likely be $55 by the tip of Q1. On the decrease facet, we predict costs to fall again to their short-term help stage of $32.

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