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- 1 NGN coin has been on a continuous downtrend since the start of June this year.
- 2 The coin has been illiquid for the past 6 months.
- 3 The 2027 price prediction suggests a potential growth of 93.76% from the 2026 high for NGN.
The Next Generation Network coin experienced a drop from $0.00005850 to $0.00002613 during June 2023, breaking a crucial level of support. Despite efforts by the bulls to regain control, the bearish pressure was too overwhelming and caused a rejection from the resistance level of $0.00007167.
As a result, NGN coin investors have been leaving the market, and the coin has been in a downtrend for more than 6 months now.
At press time, the NGN price stands at $0.00003432, having regained the support level of $0.00002613 in mid-June.
However, the coin currently contains very little liquidity. To break this downtrend, the NGN bulls need to establish a higher low above the trend line. The immediate resistance level for the current price action is at $0.00007167.
NGN Price Prediction 2024-2027
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) | GroWETH in % | Volatility change |
| 2024 | 0.00002613 | $0.0000667 | 0.0001072 | 212.35% | 212% |
| 2025 | 0.0000857 | $0.0001469 | 0.0002081 | 94.12% | 243% |
| 2026 | 0.0001579 | $0.0002320 | 0.0003061 | 47.09% | 194% |
| 2027 | 0.0003718 | $0.0004825 | 0.0005931 | 93.76% | 160% |
NGN Price Prediction 2024
According to the NGN coin price forecast for 2024, the digital currency is expected to witness a significant surge of around 212.35% from its current trading price. The coin is also likely to attain a new 52-week high in 2024 with a value of $0.0001072 while keeping its average of $0.0000667.
NGN Price Prediction 2025
After being illiquid for more than 6 months in 2023, some constant bullish signals can likely be observed in the Next Generation Network coin. The market is likely to expand indicating that the coin has the potential to reach a maximum potential of $0.0002081 in 2025. The growth will be 94.12% from the previous year while the volatility will be high at 243%.
NGN Price Prediction 2026
Looking at the NGN price projection for 2026, experts estimate that the potential low price for the coin could be around $0.0001579, while the average price is predicted to hover around $0.0002320. Additionally, the potential high price for the coin in 2026 is projected to reach $0.0003061, which represents a 47.09% increase from the previous year’s high.
NGN Price Prediction 2027
In 2027, the average price will rise to $0.0004825, while the growth from last year’s high could be somewhere near $93.76%. This puts a potentially high value of $0.0005931 with a potential low of $0.0003718 keeping the volatility at 160% during the year.
Conclusion
After the NGN coin fell past its support in June 2023, the investors exited. This caused an illiquid market which has continued till now. However, in the future, the NGN coin will favor the bulls.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
