Bone ShibaSwap (BONE) Price Prediction 2023 — Will BONE Hit $5 Soon?
- Bullish BONE price prediction 2023 is $2.4416 to $4.5413.
- Bone Shibaswap (BONE) price might also reach $5 soon.
- Bearish BONE price prediction for 2023 is $0.5977.
In Bone Shibaswap (BONE) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about BONE to analyze the future movement of the cryptocurrency.
Bone Shibaswap (BONE) Current Market Status
| Current Price | $1.52 |
| 24 – Hour Trading Volume | $10,614,993 |
| 24 – Hour Price Change | 1.4% high |
| Circulating Supply | 229,925,547 |
| All – Time High | $15.50 (on Jul 07, 2021) |
(Source: CoinGecko)
What is Bone Shibaswap (BONE)?
BONE is a utility enabled, that allows users to vote on important proposals on the protocol. It can also be stored offline in hardware wallets, such as Ledger and Trezor, to ensure maximum safety. BONE will be used to pay fees on Shibarium. It is one of the flagship tokens for ShibSwap, a decentralized ecosystem associated with the Shiba Inu community.
Bone Shibaswap (BONE) Price Prediction 2023
Bone Shibaswap (BONE) holds the 121st position on CoinGecko right now.BONE price prediction 2023 is explained below with a daily time frame.
The above chart of Bone Shibaswap (BONE) laid out a descending triangle pattern. The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.
Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.
Currently, Bone Shibaswap (BONE) is in the range of $1.52. If the pattern continues, the price of BONE might reach the resistance levels of $1.8672, $2.1158, and $2.7619. If the trend reverses, then the price of BONE may fall to $1.3774.
Bone Shibaswap (BONE) Support and Resistance Levels
The chart below shows the support and resistance levels of Bone Shibaswap (BONE).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Bone Shibaswap (BONE).
| Resistance Level 1 | $2.4416 |
| Resistance Level 2 | $4.5413 |
| Support Level 1 | $1.1697 |
| Support Level 2 | $0.5977 |
The charts show that Bone Shibaswap (BONE) has performed a bullish trend over the past month. If this trend continues, BONE might run along with the bulls overtaking its resistance level at $4.5413.
Accordingly, if the investors turn against crypto, the price of Bone Shibaswap (BONE) might plummet to almost $0.5977, a bearish signal.
Bone Shibaswap (BONE) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Bone Shibaswap is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of BONE lies below the cutoff line, indicating weak participants in the current trend.
<embed> https://www.tradingview.com/x/WrY6gzRZ/</embed>
BONE /USDT RVOL, MA, RSI (Source: Tradingview)
Also, the Moving Average (MA) of Bone Shibaswap (BONE) is shown in the chart above. Notably, Bone Shibaswap price lies below 50 MA (short-term), so it is upward. Currently, Bone Shibaswap has entered a bullish state. Therefore, there is a possibility of a reversal trend of Bone Shibaswap at any time.
Meanwhile, the relative strength index (RSI) of the Bone Shibaswap is 46.69. This means that Bone Shibaswap is nearly in an oversold state. However, this means a major price reversal of Bone Shibaswap may occur in the upcoming days. So, traders need to trade carefully.
Bone Shibaswap (BONE) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Bone Shibaswap. It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Bone Shibaswap (BONE). Currently, the ADX of BONE lies in the range of 14.8402 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Bone Shibaswap (BONE). RVI measures the constant deviation of price changes over a period of time. The RVI of BONE lies below 50, indicating low volatility. In fact, the RSI of Bone Shibaswap (BONE) is at 46.69 thus confirming a potential sell signal.
Comparison of BONE with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Bone Shibaswap (BONE).
From the above chart, we can interpret the price changes of ETH, BTC, and BONE are moving in a similar trend. This indicates that when the price of ETH and BTC increases or decreases, the price of BONE also increases or decreases respectively. But now Bone Shibaswap’s price action is showing slightly dissimilar trend with respect to BTC and ETH.
Bone Shibaswap (BONE) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Bone ( BONE) between 2024 and 2030.
Bone Shibaswap (BONE) Price Prediction 2024
With several upgrades in the network, Bone Shibaswap (BONE) might enter a bullish trajectory. If the coin grabs the attention of major investors, BONE might rally to hit $7 by 2024.
Bone Shibaswap (BONE) Price Prediction 2025
If Bone Shibaswap (BONE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, BONE would rally to hit $14.
Bone Shibaswap (BONE) Price Prediction 2026
If Bone Shibaswap (BONE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, BONE would rally to hit $16.
Bone Shibaswap (BONE) Price Prediction 2027
If Bone Shibaswap (BONE) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, BONE would rally to hit $18
Bone Shibaswap (BONE) Price Prediction 2028
If Bone Shibaswap (BONE) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, BONE would hit $20 in 2028.
Bone Shibaswap (BONE) Price Prediction 2029
If investors flock in and continue to place their bets on Bone Shibaswap (BONE), it would witness major spikes. BONE might hit $22 by 2029.
Bone Shibaswap (BONE) Price Prediction 2030
With greater advancements in the Bone ecosystem, the crypto community might continue to invest in BONE for the next 8 years and drive significant price rallies for the token. Hence, Bone Shibaswap (BONE) might hit $24 by 2030.
Conclusion
With continuous improvements in the Bone network, we can say that 2023 is a good year for BONE. For this reason, the bullish price prediction of Bone Shibaswap (BONE) in 2023 is $4.5413. On the other hand, the bearish price prediction of Bone Shibaswap (BONE) price prediction for 2023 is $0.5977.
Furthermore, with the advancements and upgrades to the Bone ecosystem, the performance of BONE would help to reach above its current all-time high (ATH) of $3.39 very soon. But, it might also reach $5 if the investors believe that BONE is a good investment in 2023.
FAQ
1. What is Bone Shibaswap (BONE)?
BONE is a utility enabled, that allows users to vote on important proposals on the protocol. It can also be stored offline in hardware wallets, such as Ledger and Trezor, to ensure maximum safety.
2. Where can you purchase Bone Shibaswap (BONE)?
Bone Shibaswap (BONE) has been listed on many crypto exchanges which include Binance, Bybit, CoinW, Bitget, and CoinTiger.
3. Will Bone Shibaswap (BONE) reach a new ATH soon?
With the ongoing developments and upgrades within the Bone platform, BONE has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Bone Shibaswap (BONE)?
On December 01, 2021, Bone Shibaswap (BONE) reached its new all-time high (ATH) of $3.39.
5. Is Bone Shibaswap (BONE) a good investment in 2023?
Bone Shibaswap (BONE) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Bone in the past few months, BONE is considered a good investment in 2023.
6. Can Bone Shibaswap (BONE) reach $5?
Bone Shibaswap (BONE) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Bone Shibaswap (BONE) will hit $5 soon.
7. What will be Bone Shibaswap (BONE) price by 2024?
Bone Shibaswap (BONE) price is expected to reach $7 by 2024.
8. What will be Bone Shibaswap (BONE) price by 2025?
Bone Shibaswap (BONE) price is expected to reach $14 by 2026.
9. What will be Bone Shibaswap (BONE) price by 2026?
Bone Shibaswap (BONE) price is expected to reach $16 by 2026.
10. What will be Bone Shibaswap (BONE) price by 2027?
Bone Shibaswap (BONE)price is expected to reach $18 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
