- Bullish BONE price prediction for 2023 is $0.9352 to $1.1323.
- Bone Shibaswap (BONE) price might reach $5 soon.
- Bearish BONE price prediction for 2023 is $0.6267.
In this Bone Shibaswap (BONE) price prediction 2023, 2024-2030, we will analyze the price patterns of BONE by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
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TABLE OF CONTENTS |
|
INTRODUCTION |
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BONE SHIBASWAP (BONE) PRICE PREDICTION 2023 |
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| BONE SHIBASWAP (BONE) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Bone Shibaswap (BONE) Current Market Status
| Current Price | $0.7954 | 24 – Hour Price Change | 1.01% Up Down |
| 24 – Hour Trading Volume | $3,038,658 |
| Market Cap | $183,321,828 |
| Circulating Supply | 229,923,351 BONE | All – Time High | $41.67 (On Sep 14, 2021) |
| All – Time Low | $0.2899 (May 12, 2022) |
Bone Shibaswap 24H Technicals
(Source: TradingView)
What is Bone Shibaswap (BONE)
| TICKER | BONE |
| BLOCKCHAIN | Ethereum blockchain |
| CATEGORY | Meme Coin |
| LAUNCHED ON | July 2021 |
| UTILITIES | Governance, gas fees & rewards |
BONE, the governance token of ShibaSwap decentralized exchange (DEX), operates on the Ethereum blockchain within the Shiba ecosystem. As a governance token, BONE empowers holders to participate in important decisions, propose developments, and vote on matters concerning the decentralized autonomous organization (DAO) known as Doggy.
With BONE’s utility, users can actively engage in voting on crucial protocol proposals. Moreover, it offers the flexibility of offline storage in hardware wallets like Ledger and Trezor, ensuring maximum security. Additionally, BONE will serve as the payment token for fees on Shibarium, and it holds a significant role as one of the flagship tokens within ShibSwap—a decentralized ecosystem closely linked with the Shiba Inu community.
Bone Shibaswap (BONE) Price Prediction 2023
Bone Shibaswap (BONE) ranks 135th on CoinMarketCap in terms of its market capitalization. The overview of the Bone Shibaswap price prediction for 2023 is explained below with a daily time frame.
BONE/USDT Falling Wedge Pattern (Source: TradingView)
In the above chart, Bone Shibaswap (BONE) laid out a falling wedge pattern. The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges.
The most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however, the buyers lose the momentum at one point and the bears take temporary control over the price action.
At the time of analysis, the price of Bone Shibaswap (BONE) was recorded at $0.7954. If the pattern trend continues, then the price of BONE might reach the resistance levels of $0.9358, $1.18078, and $1.7090. If the trend reverses, then the price of BONE may fall to the support of $0.6931.
Bone Shibaswap (BONE) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Bone Shibaswap (BONE) in 2023.
BONE/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Bone Shibaswap (BONE) for 2023.
| Resistance Level 1 | $0.9352 |
| Resistance Level 2 | $1.1323 |
| Support Level 1 | $0.7695 |
| Support Level 2 | $0.6267 |
BONE Resistance & Support Levels
Bone Shibaswap (BONE) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bone Shibaswap (BONE) are shown in the chart below.
BONE/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Bone Shibaswap (BONE) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.9768Price = $0.8004 (50MA> Price) |
Bearish / Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 38.89 <30 = Oversold 50-70 = Neutral>70 = Overbought |
Overbought |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Bone Shibaswap (BONE) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Bone Shibaswap (BONE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
BONE/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Bone Shibaswap (BONE).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 20.4487 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 31.09
<50 = Low |
Low volatility |
Comparison of BONE with BTC, ETH
Let us now compare the price movements of Bone Shibaswap (BONE) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs BONE Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of BONE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BONE also increases or decreases respectively.
Bone Shibaswap (BONE) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Bone Shibaswap (BONE) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Bone Shibaswap (BONE) Price Prediction 2024 | $4 | $0.5 |
| Bone Shibaswap (BONE) Price Prediction 2025 | $5 | $0.4 |
| Bone Shibaswap (BONE) Price Prediction 2026 | $6 | $0.3 |
| Bone Shibaswap (BONE) Price Prediction 2027 | $7 | $0.2 |
| Bone Shibaswap (BONE) Price Prediction 2028 | $8 | $0.1 |
| Bone Shibaswap (BONE) Price Prediction 2029 | $9 | $0.09 |
| Bone Shibaswap (BONE) Price Prediction 2030 | $10 | $0.08 |
Conclusion
If Bone Shibaswap (BONE) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Bone Shibaswap (BONE) price prediction for 2023 is $1.1323. Comparatively, if unfavorable sentiment is triggered, the bearish Bone Shibaswap (BONE) price prediction for 2023 is $0.6267.
If the market momentum and investors’ sentiment positively elevate, then Bone Shibaswap (BONE) might hit $2. Furthermore, with future upgrades and advancements in the Bone Shibaswap ecosystem, BONE might surpass its current all-time high (ATH) of $41.67. and mark its new ATH.
FAQ
1. What is Bone Shibaswap (BONE)?
The Bone Shibaswap (BONE) token is the native cryptocurrency of the Bone Shibaswap network, a Web3 infrastructure platform that enables users to build and control their own nodes that they can utilize for various Proof-of-Stake blockchains.
2. Where can you buy Bone Shibaswap (BONE) ?
Traders can trade Bone Shibaswap (BONE) on the following cryptocurrency exchanges: LBank, OKX, Deepcoin, Bitget, and CoinW.
3. Will Bone Shibaswap (BONE) record a new ATH soon?
With the ongoing developments and upgrades within the Bone Shibaswap platform, Bone Shibaswap (BONE) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Bone Shibaswap (BONE)?
Bone Shibaswap (BONE) hit its current all-time high (ATH) of $41.67 On Sept 14, 2021
5. What is the lowest price of Bone Shibaswap (BONE)?
According to CoinMarketCap, BONE hit its all-time low (ATL) of $0.2899 on May 12, 2022.
6. Will Bone Shibaswap (BONE) hit $2?
If Bone Shibaswap (BONE) becomes one of the active cryptocurrencies that maintain a bullish trend, it might hit $2 soon.
7. What will be the Bone Shibaswap (BONE) price by 2024?
Bone Shibaswap (BONE) price might reach $4 by 2024.
8. What will be the Bone Shibaswap (BONE) price by 2025?
Bone Shibaswap (BONE) price might reach $5 by 2025.
9. What will be the Bone Shibaswap (BONE) price by 2026?
Bone Shibaswap (BONE) price might reach $6 by 2026.
10. What will be the Bone Shibaswap (BONE) price by 2027?
Bone Shibaswap (BONE) price might reach $7 by 2027.
Top Crypto Predictions
Cardano (ADA) Price Prediction 2023
Bitcoin Cash (BCH) Price Prediction 2023
Litecoin (LTC) Price Prediction 2023
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.
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- Source: https://thenewscrypto.com/bone-shibaswap-bone-price-prediction/
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