ZetaChain Price Prediction: 2024, 2025, 2030

ZETA price prediction: Key highlights

1. Primary support and resistance levels

• An observation of the daily chart pointed to $1.0 as ZETA’s lowest support.
• On the upside, $2.8 can prove to be the highest resistance level.

2. Market sentiment

• In May 2024, the market sentiment remains bearish in the ZETA market. 

3. Predictive forecasts

• Based on predictions from our AI/ML algorithms, the average price of ZETA is expected to reach $11 in 2030 and increase to $50 in 2035.

Uncover essential details about ZETA’s future trajectory through a comprehensive daily analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

ZETA technical analysis: Bears emerge victorious in battle for dominance

With so many new launches in the crypto space, ZETA has captured the eyes of many investors by skyrocketing just hours after its launch. Although past performance is not a reliable indicator of future outcomes, understanding the asset's historical achievements can offer valuable context for examining the ZetaChain price prediction in 2024.

The analysis commenced with the altcoin testing the peak chart resistance at $1.7. The initial rejection became a precursor to a substantial drop, which pushed the price to the lowest support of $1.0. 

Nevertheless, the market quickly rebounded from this dip due to the asset being oversold. This reflected a typical market correction, where prices adjust after potentially exaggerated movements. Simultaneously, ZETA confirmed $1.1 as a reliable support level.

These drops marked $1.3 as the newest hurdle to be overcome. Bulls exerted pressure to test this level but faced repeated rejections. Notably, they managed to halt further declines at $1.1.

Towards the end of the month, another bullish effort was observed, spurred by ZetaChain's announcement of a new initiative to promote the development of decentralized applications (dApps) and protocols on its blockchain. This program allocates 5% of the total ZETA token supply to support promising projects, with a specific 1% dedicated to Bitcoin (BTC) integration efforts.

This effort finally succeeded in May, as the token retested $1.7. The market was then confined to a tight range. Repeated rejections at this level caused the price to fall back to $1.5. Nevertheless, the selling pressure was too strong to overcome. 

As the analysis ended, ZETA bears flipped $1.5 into resistance, with a trading price of $1.4. The market dynamics suggest that the bears have the upper hand. If the bulls fail to climb back above $1.5, the token will fall to its lower end at $1.3.
 

Meanwhile, a drop below the critical $1.0 mark can again likely make the asset undervalued. This scenario would likely prompt a market response similar to previous instances, making it probable for the price to remain above its lowest observed support.
 

Additionally, if there are new developments on the platform or general improvements in the broader market, the bulls may leverage this momentum to initiate another rally. In this context, overcoming $1.5 becomes a prioritized goal. 

If the buying momentum sustains above $1.7, it could position ZETA to approach or even reclaim its all-time high (ATH). However, the $2.8 mark stands out as a significant resistance level that bulls should be wary of, as breaking past this point could be challenging.

Looking ahead, the forecast for ZETA's price trajectory is moderately optimistic, as predicted by advanced models. These models estimate that the average price of ZETA could ascend to $11 by 2030. This prediction reflects a significant appreciation from current levels and suggests growth potential in the medium term. By 2035, the models further project that the price could soar to $50, indicating a substantial bullish sentiment over the long term.

ZETA’s 2024 roadmap: Key indicators to watch and trade

• The trading volume remained lackluster, with a brief recovery noted in May. This pointed to a lack of sustained investor interest.
• As the price fell to its lowest support, the Relative Strength Index (RSI) ventured into the oversold region, going as low as 21.27. This triggered a pushback, and the RSI surged past the 50 line in early May.
• The indicator turned bearish again in late May. As the analysis ended, it was recorded at 43.50. 
• The On-Balance Volume (OBV) followed a similar trend. It remained relatively flat until late April. Following this, the indicator spiked sharply and ascended till the second week of May. 
• It reversed its course to follow a slight descending momentum to close at -5.187 million. This pointed to prominent distribution that overtook accumulation.