Wrapped Quil (WQUIL) has been showing mixed signals, with the recent deviation from critical resistance levels indicating a more neutral stance. Despite the 32% decline since the beginning of the year, future predictions offer a more comprehensive view of the potential price movement influenced by various factors affecting the coin’s demand and supply.
To get you up to speed, here’s a brief rundown of the background of this coin.
Background and History of Wrapped QUIL
Quilibrium is a decentralized layer protocol that provides cloud services on the decentralized network without sacrificing privacy and scalability. WQUIL is the native ERC20 token that powers this network.
Wrapped QUIL (WQUIL) Price Prediction
Monthly Price Prediction
The forecast for July suggests this coin will have a slight fluctuation in its value, and the price will range between $0.2729 and $0.2833, averaging at $0.2781. By August, WQUIL’s price is expected to experience a moderate rise.
The rise is attributed to the RSI readings showing an upward trend, currently above the 50-day moving average (MA), indicating a potential bullish trend around the corner. This shift suggests that buyers are gaining control, potentially leading this coin’s price higher in the near future.
Long-Term Price Prediction
- 2024: Price Range: $3.90 — $9.36, Average Price: $6.63
- 2025: Price Range: $7.17 — $15.59, Average Price: $11.38
- 2026: Price Range: $10.91 — $14.03, Average Price: $12.47
The future of this coin seems to be bright, despite the current downtrend. In fact, several crypto enthusiasts (including TheJonnyReid, airflycrypto, and thecryptolusionist ) already have their eyes set on this coin.
That’s because the recent short-term MA has already crossed above the long-term moving averages, signaling a bullish crossover. This “golden cross” is a strong indicator of a potential upward trend. Aside from that, the price is already trading above both the 50-day and 200-day MAs, further confirming bullish sentiments.
So, is WQUIL a good investment?
According to speculative technical analysis and other crypto enthusiasts, Wrapped QUIL will soon rise again. Therefore, even though WQUIL is a high-risk investment, you may easily make a decent amount out of the price action of this coin.
However, it’s important to remember that you should only trade if you have a high-risk tolerance and invest in money you are willing to lose. Many traders view Wrapped QUIL as a worthy investment choice, given its potential and overall enduring value. With that in mind, if you’d like to trade this coin, head straight to CoinEx for a safe, reliable crypto trading opportunity.
Disclaimer: Please note that the information provided on this website is intended for informational purposes only. CoinEx assumes no liability for any financial losses resulting from cryptocurrency trading. It is advised that you conduct your own research.
About CoinEx
Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services, including spot and margin trading, futures, swaps, automated market maker (AMM), and financial management services for over 5 million users across 200+ countries and regions. Founded with the initial intention of creating an equal and respectful cryptocurrency environment, CoinEx is dedicated to dismantling traditional finance barriers by offering easy-to-use products and services to make crypto trading accessible for everyone.
