Bobcoin crypto price witnessed a shape recovery in the past three Intraday sessions. The bulls attempted a recovery after the price dipped below the 50-Day Exponential moving average.
However, the BOBC crypto could not follow through the previous momentum and declined in the Afternoon session. At the time of writing, the price was trading at $0.000034 with an Intraday loss of nearly 8%.
Bobcoin is a crypto that supports social causes. It is a digital token that gives its holders the right to get rewards from their tokens. Every Bobcoin is connected to an electric vehicle run by Bob Eco, so the tokens have the same value as the asset they are linked to.
Bobcoin Crypto Price Technical Analysis
As per the technical perspective, the RSI line is above 50, indicating bullish momentum, while the MACD line is above the zero line suggesting further upside potential. The BOBC/USDT daily chart shows that the recent recovery has hiked the price above the 50-Day and 20-Day EMA.
Now, if the bulls continue to maintain the price above the EMAs, then a sharp up move may be observed and the crypto may reclaim higher levels.
On the contrary, if the bears dominate at the upper levels and the price broke further it may initiate a sharp decline in the price below the recent low. The long term trend seems to be positive until the price is maintained above the 200-Day EMA.
Bobcoin Price Prediction January 2024
On the most optimistic note, the BOBC price may reach a high of $0.0000447 signifying an upside potential of approx 30%. The pessimistic view of analysts assumes the price could drop to a low of $0.0000291.
Bobcoin Price Prediction 2024
The price prediction for 2024 shows that BOBC crypto may advance to a high of $0.000055 by the end of year 2024. Whereas, the less optimistic analysts estimate a price target of $0.000043 by the end of year 2024.
Bobcoin Price Prediction 2025
By the next two years, the Bobcoin cryptocurrency price may have surged over 132.2% as per the most optimistic view of analysts. The price could reach a high of $0.0000749. The pessimistic view hopes for the price to reach a high of $0.0000613.
Bobcoin Price Prediction 2026
On the most optimistic note, Bobcoin crypto could gain to a high of $0.0000927 in the year 2026. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $0.0000730.
Bobcoin Price Prediction 2027
By the year 2027, Bobcoin cryptocurrency is expected to reach a high of $0.0000121 as per the bullish view of analysts. Analysts with a bearish view expect the price to reach $0.0000884 by the end of 2027.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
Source: https://www.thecoinrepublic.com/2024/01/12/bobcoin-price-slumps-8-in-intraday-will-the-bulls-give-up/