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 $0.42 as ZETA’s lowest support.
• On the upside, $0.87 can likely be the highest resistance level.

2. Market sentiment

• As of September 2024, the market sentiment remains bullish.

3. Predictive forecasts

• Based on predictions from our AI/ML algorithms, the average price of ZETA is expected to reach $2 in 2031 and increase to $3 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: Bulls continue rallying despite setbacks

With so many new entrants in the crypto space, ZETA has captured the eyes of many investors by skyrocketing after its launch. However, its ups and downs prompt a closer look at the previous performance to examine the ZetaChain price prediction for 2024.

The analysis commenced on August 1, when the market was flooded with 53.89 million ZETA tokens. This catalyst and the broader market crash intensified the selling pressure, leading to substantial declines. Consequently, the altcoin hit a new all-time low (ATL) on August 5. 

Nonetheless, the market improved as the buyers accumulated at low prices and reclaimed $0.42 as the lowest support. Furthermore, a substantial price surge elevated the token to over $0.62. 

This pump was triggered by Coinbase’s announcement that it would list the native ZETA token. However, the succeeding retest of the peak analyzed resistance at $0.74 was rejected.

Nevertheless, the declines were halted at $0.51. Following this, the buyers regrouped to challenge $0.62. Yet, they failed, and the price returned to the lowest support in September. As per TokenUnlocks, the network released another 53.89 million tokens on September 1. 

Nonetheless, this did not lead to substantial sell-offs. Instead, buying pressure started to build up, and the buyers flipped $0.51 by mid-month. As ZETA began trading on Coinbase, the price exceeded $0.62 again.

The retest of the highest resistance led to a pullback below the latter, triggered by the asset’s overbought conditions. Regardless, the uptrend resumed shortly. As the analysis ended, ZETA’s trading price was $0.66.

If the current support is flipped again, ZETA can drop to $0.51. Additionally, historical patterns point to a return to the lowest support in a highly pessimistic scenario. 
 

Notwithstanding, if the bulls reclaim the peak resistance, the market can favor them to extend a renewed rally toward $0.87. If the buying momentum sustains above this level, it could position ZETA to approach or even reclaim the critical $1 mark.

Looking ahead, the forecast for ZETA's price trajectory is moderately optimistic, as predicted by advanced models. They estimate that the average price of ZETA could ascend to $2 by 2031, reflecting a significant appreciation from current levels. By 2035, the models project that the price could soar to $3.

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

• The trading volume remained lackluster, with a recovery noted as the token fell to its lowest support. An unsustainable uptick in volume also supported the succeeding rally. This pattern repeated with the recent price surge, reflecting a lack of sustained investor confidence.
• The Chaikin Money Flow (CMF) initially remained negative and only moved over the zero line in mid-September. At press time, it stood at 0.21, indicating asset accumulation.
• The Relative Strength Index (RSI) emerged from the oversold region and moved over the 50 line in early August. It dropped below by mid-month. After another temporary spike in late August, the indicator decisively surged past 50 in mid-September.
• Furthermore, the RSI briefly entered the overbought territory before adjusting to 61.49 at press time, highlighting the market’s bullish bias.