Bone ShibaSwap Price Prediction 2023: Will BONE Price Reach $3?

Key Takeaways:

• Ever since the BONE price has regained the pivotal $1 price level, the token has printed consecutive bullish candles, surging by more than 70%.
• The bears may arrive and try to restrict the price below the lower slabs, while the bulls also hold enough strength to assist the price in sustaining above the gains.
• The technicals could face an interim pullback, which may result in dragging the price relatively lower, but a healthy upswing seems imminent after a short-term consolidation.

Bone ShibaSwap Overview as of August 02, 2023

BONE Price Forecast For This Week

The start of the week remained fairly bullish after maintaining a narrow consolidation throughout the past week. The bears did try to restrict the rally as the selling volume also piled up, but the bullish start of the week squashed the bearish trajectory for a while. The BONE price is currently receiving an extremely bullish push as the buying pressure has mounted, which may offer a strong base to trigger a healthy upswing ahead. 

The technicals have been in bullish favor for quite some time, which has kept the rally elevated. Therefore, a similar trend may continue as prices rise and secure levels above $2. However, even if the bears restrict the rally, the lower support at $1.66 may offer a strong base. Therefore, the BONE price may maintain a healthy upswing throughout the week and reach levels around $2.02 to $2.15 by the end of the week. 

Read More: Ethereum Price Prediction

Bone ShibaSwap Price Prediction for August 2023

The Bone Shibaswap price has been trading in an elevated range for the past couple of months, displaying acute strength among the bulls. The buying volume has elevated, which may complete the parabolic recovery to reach pivotal resistance in the next few days. The bulls who have been constantly raising the prices may get exhausted after reaching these levels, which could cause the prices to undergo a minor pullback for a while. 

During the second half of the month, the BONE prices could witness some bearish actions, causing a drop below $1.8 levels after marking highs above $2. However, the trend could flip quickly as the bulls may regain momentum and lift the price towards the next targets. By the end of the month, the BONE price may trade between $2.65 to $2.98.

Bone ShibaSwap Price Prediction 2023-2024

The long-term projections suggest BONE price is trading within a massive bullish structure, and a final push toward the interim resistance may trigger a minor bull run. Ever since its inception, the BONE price has maintained its volatility to a large extent, which has grabbed investors’ attention. Although the volume has dropped significantly, the price is heading north, suggesting acute strength among the bulls. Therefore, the BONE price may maintain a healthy upswing until the end of the year and trade between $4.5 and $6.75.

The start of 2024 is expected to be largely bullish for the entire crypto space, and the BONE price could surge finely to reach the pivotal $10 by the end of the first quarter. As the prices reach a double-digit figure, bearish activity may begin, initially dragging the price below $8. However, after withstanding acute bearish action, a fine recovery may begin during H2, 2024. The start of Q4 may be extremely bullish, as the upswing may be transformed into a bull run, lifting the price beyond $22 to $25 or above $32 in an extended bullish case.

BONE Price Prediction 2023-2050

Bone ShibaSwap Technical Analysis

Source: Tradingview

• Since the beginning, the BONE price has maintained an ascending trend, withstanding multiple rejections and rebounds.
• After rebounding from the lows, the price is heading toward the upper resistance, which may accomplish a parabolic recovery. 
• If the bulls fail to lift the price above the resistance, the price may drop, which may trigger a parabolic recovery on reaching the lower support.
• Otherwise, if they maintain strength, the price may rise above the resistance and reach below $3.

Additional Read: Bitcoin Price Prediction

Will the Bone ShibaSwap Price Rise Again in 2023?

The token has maintained a healthy upswing since the beginning of its trading journey and is therefore believed to remain elevated for a long time ahead. However, the bears may arrive in between and shed some gains, but the trend may remain elevated, intending to reach the upper resistance. Therefore, the Bone ShibaSwap price may trigger a healthy upswing for the rest of 2023. 

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