First Ever NFT (FEN) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current First Ever NFT price prediction, the price of First Ever NFT is predicted to rise by 228.04% and reach $ 0.0₆1070 by October 13, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 32 (Fear). First Ever NFT recorded 30/30 (100%) green days with 0.00% price volatility over the last 30 days. Based on the First Ever NFT forecast, it's now a good time to buy First Ever NFT.

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Based on the historical price movements of First Ever NFT and the BTC halving cycles, the yearly low First Ever NFT price prediction for 2025 is estimated at $ 0.0₇3262. Meanwhile, the price of First Ever NFT is predicted to reach as high as $ 0.0₆1541 next year. Using the same basis, here is the First Ever NFT price prediction for each year up until 2030.

First Ever NFT price prediction 2025

The First Ever NFT price prediction for 2025 is currently between $ 0.0₇3262 on the lower end and $ 0.0₆1541 on the high end. Compared to today’s price, First Ever NFT could gain 372.51% by 2025 if FEN reaches the upper price target.

First Ever NFT price prediction 2030

The First Ever NFT price prediction for 2030 is currently between $ 0.0₇8223 on the lower end and $ 0.0₆1333 on the high end. Compared to today’s price, First Ever NFT could gain 308.76% by 2030 if it reaches the upper price target.

First Ever NFT's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, First Ever NFT's 200-day SMA will rise in the next month and will hit $ 0.0₇3740 by Oct 13, 2024. First Ever NFT's short-term 50-Day SMA is estimated to hit $ 0.0₇5175 by Oct 13, 2024.

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 56.43, which indicates that the FEN market is in a neutral position.

Popular FEN Moving Averages and Oscillators for Fri, Sep 13, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

First Ever NFT Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

First Ever NFT Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.0₇3262, First Ever NFT has support levels of $ 0.0₇3262, $ 0.0₇3262, and the strongest at $ 0.0₇3262. Similarly, First Ever NFT resistance levels are at $ 0.0₇3262, $ 0.0₇3262, and $ 0.0₇3262.

First Ever NFT Correlation

Over the past 7 days, First Ever NFT price was most positively correlated with the price of and most negatively correlated with the price of .

First Ever NFT price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with First Ever NFT 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 First Ever NFT, a move in one direction for First Ever NFT would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the First Ever NFT price in the future, it’s helpful to also explore First Ever NFT’s price history. In the last month, the FEN/USD pair is down .

How to read and predict First Ever NFT price movements?

First Ever NFT traders use a variety of tools to try and determine the direction in which the FEN market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the First Ever NFT 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.

First Ever NFT Price Prediction Indicators

Moving averages are among the most popular First Ever NFT price prediction tools. As the name suggests, a moving average provides the average closing price for FEN over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for FEN is a sum of FEN’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

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. If the FEN price moves above any of these averages, it is generally seen as a bullish sign for First Ever NFT. Conversely, a drop below an important moving average is usually a sign of weakness in the FEN market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the FEN price.

How to read First Ever NFT charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of First Ever NFT with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

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 First Ever NFT’s price action in 1-hour chunks. Each candlestick will display FEN’s opening price, closing price, as well as the highest and lowest prices that First Ever NFT reached within the 1-hour period.

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.

What affects the price of First Ever NFT?

Just like with any other asset, the price action of First Ever NFT 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 FEN. The market capitalization of First Ever NFT can change significantly in a short period of time.

When trying to make a First Ever NFT forecast, many traders also try to monitor the activity of FEN “whales”, which are entities and individuals that control large amounts of FEN. Since the First Ever NFT market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on First Ever NFT’s price movements.

Bullish and bearish price prediction patterns

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 action, while others are seen as bearish.