We lack accurate trading data for Drax (DRAX).

This may be due to factors such as limited exchange liquidity or delisting. The last update for chart data was on 01/13/2025.

Drax (DRAX) Price Prediction 2025, 2026, 2027, 2028, 2029

Are you curious about the future of Drax? Our technical analysis brings you the latest Drax price prediction for 2025 and beyond. We explore market trends and analyze sentiment to help you make informed decisions about your cryptocurrency investments.

Current Drax Price

$0.270.000%(1D)

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We lack accurate trading data for Drax (DRAX).

Drax (DRAX) Technical Analysis

Valdrin Tahiri

Expert in price predictions02/01/2025

Drax Price prediction

Year	Min Price	Avg Price	Max Price

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DRAX traders use a wide range of trading signals and technical indicators to predict a price's trajectory. While not all methods are necessary to accurately forecast the direction of the market, some key indicators do hold more weight. Identifying Drax support and resistance levels gives traders an insight into the market's supply and demand while helping to determine reversals in trends.In addition, chart patterns are also widely used by traders to form trend lines which help in predicting the next candlestick move.Various indicators such as the RSI, Moving Averages and the MACD can be used to determine the direction of the long-term trend and attempt to predict the future price movement.

4 Hours1 Day1 Week

The price action on the bearish side. The price fell below the $0.00 horizontal resistance area after previously moving below it. Such deviations are considered bearish signs. Despite this dive, the DRAX price remains N/A% negative since the beginning of the year.

RSI

The RSI offers additional insight into the market’s momentum by measuring the size of Drax price moves to determine whether it's overvalued or undervalued. Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset. Readings above 50 and an upward trend indicate that bulls still have an advantage, whereas readings below 50 suggest the opposite.

According to the RSI, In the 1 Week time frame, Drax is currently trending bearish with the actual RSI reading at 0.00. The 50 line could provide resistance if the indicator returns to it.

Moving averages

Moving averages are an important analytical tool that provides traders with a bigger picture of what is happening in the charts by calculating the Drax average closing price over a set period of time. The relationship between short- and long-term moving averages is crucial in determining the trend’s direction. When the short-term MA moves above the long-term one, it is a sign that the trend is gradually turning bullish.

In the 1 Week timeframe, Drax is in a neutral trend since the 50-x MA has crossed below the 200-x MA, and the price is trading above both.

Alternatively, the trend is neutral if the 50-day MA has crossed above the 200-day one, but the price is trading below them (and vice-versa).

MACD

Finally, the MACD uses a Simple Moving Average (SMA) and an Exponential Moving Average (EMA) to more accurately predict the trend. In similar fashion to simple MAs, the relationship between these two is helpful in determining the trend’s direction.

For all these indicators, the weekly time frame is used to determine the long-term trend, the daily time frame is used for the intermediate trend, while the six-hour one is used for the short-term trend.

According to the MACD, in the 1 Week timeframe, Drax is currently trending bearish since the MACD signal line moved below 50 periods ago, and the histogram has been negative for 50 periods.

Current Drax Price

Drax currently sits at a price of $0.27 (DRAX/USD) with a live market capitalization of $0.00. The 24-hour trading volume is $0.00 which is a 0% negative. With a circulating supply of 0.00, Drax's price movement is currently negative.

Drax Fundamental Analysis

Fundamental analysis aims to assess the inherent value of an asset, while technical analysis involves examining statistical patterns in the price and volume of that asset. Both techniques are employed to analyze and predict potential developments in the future price of that asset.In the case of DRAX, the most straightforward way to perform fundamental analysis is to look at supply and demand dynamics. Additionally, it is possible to look at the market capitalization amount ($0.00) and the circulating supply of (0.00) - Circulating Supply to arrive at reasonable price assumptions for the future. On the demand side, it is possible to look at on-chain data relating to the number of active and new addresses and transaction count.

What drives the price of Drax?

There are a number of variables in the cryptocurrency market that can drive the price of Drax upwards or downwards. The major force behind Drax’s asset value is the market’s supply and demand. Whether the demand for more DRAX increases or decreases depends greatly on growing adoption.Furthermore, significant events such as protocol updates or hard forks may also play a significant role in Drax’s price.Another prime factor to consider is whale activity. Large holders of Drax can greatly impact the price as one large sell order can drop the price significantly. In addition, never underestimate the power of large institutional adoption and political regulations on Drax’s value.

Summary

It’s important to note that price predictions may appear contradictory. There is no clear-cut method for determining the future value of any cryptocurrency. This is because many factors are involved in price prediction. It’s not uncommon for one announcement to greatly change the trajectory of a coin’s price at any given time. The entire market as a whole can affect one coin’s movement as well as any updates on the project’s technology. This is why you should always do your own research before investing in any cryptocurrency.

Frequently Asked Questions

What is Drax's price prediction today?

According to our price forecast, the value of Drax today — 1 Feb — should trade relatively constant between the ranges of $0.00 and $0.00.

How is the public feeling about Drax today?

According to our technical analysis, the current sentiment for Drax's price today is bearish.

What key price levels should be watched for Drax's?

Drax is currently trading in a range that holds support levels at usd0.00. Significant resistance levels are at usd0.00. These are prices to watch for in case we see a break in one of these levels which may lead to increased market volatility in the following days.

Will Drax be a wise investment in 2025?

After evaluating various quantitative technical indicators, Drax appears to have a bearish forecast for 2025. Always consider both fundamental and technical analysis before investing in any cryptocurrency. Price activity, institutional adoption, and on-chain activity can all offer more insight into a project's potential value.

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