Time after time, the Japanese Yen has bounced back in the face of all sorts of disasters – Gyen price prediction 2022 is another life lesson that proves stability will always prevail. Here’s why this stablecoin has proven to be so resilient and how investors should approach Gyen crypto when times are tough.
Table of Contents
- Gyen Price Prediction | Introduction
- Gyen Price Prediction: Technical Analysis
- Gyen Price Prediction: Technical Conclusion
- Gyen Price Prediction: Market Opinion
- Gyen Price Forecast for May – June
- Gyen Price for the Rest of the Year
- Gyen Price Prediction for the Next Year
- Cryptocurrency Experts and Influencers
- Latest News and Happenings Concerning Gyen
- Gyen Price Prediction: Verdict
While there is always a general feeling that a financial tsunami is always lurking around the corner in the crypto-market, stablecoins like Gyen coin are trusted sources of stability. To keep things simple, rely on proven Gyen crypto price prediction to manage such risk. Here is the complete Gyen price prediction for 2022:
Gyen Price Prediction | Introduction
When making this Gyen crypto price prediction, Gyen crypto was trading around $0.007686 according to trading data available on coinstats.app. Gyen crypto is exemplary of a new generation of stablecoins and enjoys a market cap of just over $21 million, fully diluted to the same amount.
Gyen crypto is a digital native that is focused on providing stability not only from the value it derives from its real-world assets but also from a friendly regulatory framework. The cryptocurrency is the world’s first stablecoin pegged to the Yen and regulated by a government agency.
A model that is unique in the crypto world, Gyen crypto has had a solid start with many market participants pushing for a bullish Gyen price prediction for delivering on seamless trading, instant settlements, and easy transactions. The idea is to provide stability while preserving the integrity of the cryptocurrency.
Gyen Price Prediction: Technical Analysis
The best answer as to Gyen price prediction 2022 and how the coin could react to a changing trading environment is hidden in recent price movements. Here is a summary of the historical price movement, where we can find the level of strength, weakness, opportunity, and threat:
|Month||Open Price||Closing Price||Month High|
Gyen crypto price prediction bears remain in control as the stablecoin enters into a historical demand area. The coin was flat on the weekly chart for the better part of 2022, and the bulls could be looking to secure positions at this juncture for a retest of the previous high.
Gyen crypto is flat and stuck between the $0.0076 lows and $0.0080 highs so far. A strong supply zone and growing appeal of riskier bets on the market continue to weigh down the price of this crypto. Gyen has dropped around 13.69% from its high at $0.0872 in late 2021.
Its outlook for investment demands remains muted, making a case for a bullish Gyen crypto price prediction worse. With adopters staring down the barrel of bitcoin’s influence on the market, safe-haven flows have dried up but largely remained true to their promise of delivering stability.
The bears are moving in to challenge a significant support structure that has to help up Gyen coin price prediction from plummeting any further. Spot Gyen traders are in a wait-and-see mode since Gyen is pretty much locked into a plain that has been in play since the start of the year.
Gyen Price Prediction: Technical Conclusion
Any hint towards a higher trading price at the current rate should be shelved. Gyen crypto is true to its nature and playing the safe game for now. The stiff correction from the current high is the clearest indication that any Gyen crypto price prediction higher than this level will be a long stretch.
But there is hope for a bullish scenario provided Gyen crypto can hold up its end of the deal. Gyen might slide lower to $0.00672, where the lower side of the consolidated range is located. Here lies an opportunity to collect liquidity with the upside potential of breaking past $0.01.
Gyen Price Prediction: Market Opinion
This year will be eventful for Gyen price prediction 2022. However, the market opinion on Gyen crypto price prediction largely remains cautious. In this next section, let us consider the opinions of influencers and experts concerning Gyen price prediction. Here are the notable ones:
Gyen Price Forecast for May – June
TradingBeasts Gyen price prediction 2022 is kicking things off with a bullish chorus that is capped at $0.0125 by the end of June. A recovery to $0.0085 will be the first signal that this Gyen price forecast for May – June will be validated, followed by a short pit stop around $0.01.
CoinArbitrage proposes that recovery to $0.0075 in the next two months will prevent a nosedive and set a plan in motion to reach $0.01554 before the end of the year. The long squeeze will manifest in the coming months, according to the Gyen price forecast for May – June, but the mood is generally bullish.
Gyen Price for the Rest of the Year
WalletInvestor Gyen crypto price prediction determines the coin still needs to crash more to collect liquidity resting below the historical support area before it can challenge the barrier at $0.0069 that caps the upside for 2022. Any upswings in the Gyen price for the rest of the year will be capped here.
DigitalCoin suggests the bulls should by the dip and sit back to watch Gyen crypto go against all odds to break the barrier at $0.01. An official start to this recovery rally could come mid-year, according to this Gyen price for the rest of the year, with the potential of retesting $0.0108.
Gyen Price Prediction for the Next Year
PricePrediction Gyen price prediction identifies plenty of catalysts that will trigger an explosive rally, with the upside capped at $0.013 in 2022 and $0.020 in 2023. A resurgence of buyers around the historical support validates this Gyen price prediction for the following year.
Gov.Capital shows why market participants should remain bullish with a Gyen price prediction for the next year eyeing $0.0225. Moreover, the forecast makes a bullish case for why further dips on the price chart only leave Gyen crypto with more room to stage a significant leg up.
Cryptocurrency Experts and Influencers
Esah8339 predicts a buying spree making a breakout to $0.01 inevitable if early adopters can hold for longer as Gyen crypto head lower to gather enough momentum to break the barrier at $0.009. This Gyen price prediction is bolstered with a technical formation that makes for a good swing trading setup.
MikeMM is considering a bearish outcome for the simple reason that a supply-induced dip limits the odds of a bull run. Since the supply zone is quite strong and yet to be challenged, investors should brace for an extended period in the pits before Gyen crypto price prediction can become strong enough for a rally.
Latest News and Happenings Concerning Gyen
Gyen crypto was recently listed on Coinbase, news that sent the coin on a path to conquer multiple resistance barriers. The bullish news that had many investors certain of a Gyen price prediction was met with optimism that went further when Coinbase Pro customers joined the party.
However, a technical glitch led Coinbase to lock out thousands of investors from their Gyen holdings, which led them to mount an online campaign seeking compensation for the losses incurred during this time. It is unclear how this nightmare will affect investor attitudes towards Gyen crypto.
Gyen Price Prediction: Verdict
While the idea of risk-free tokens is impossible, Gyen crypto is one token that hits close to risk-free. Gyen crypto prices have been resilient on the strength of its amazing fundamentals, which have proven sustainable for Gyen price prediction going beyond 2022.