Bone (BONE) Price Prediction 2023 — Will BONE Hit $5 Soon?

• Bullish BONE price prediction 2023 is $2.4416 to $4.5413.
• Bone (BONE) price might also reach $5 soon.
• Bearish BONE  price prediction for 2023 is $0.5977.

In Bone (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 (BONE) Current Market Status

What is Bone (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. Bone is one of the flagship tokens for ShibSwap, a decentralized ecosystem associated with the Shiba Inu community.

Bone (BONE) Price Prediction 2023

BONE price prediction 2023 is explained below with a daily time frame.

The above chart of Bone (BONE) laid out an Ascending channel pattern. Ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.

Currently, Bone (BONE) is in the range of $0.03044. If the pattern continues, the price of BONE  might reach the resistance levels of $2.1414 and $2.6919. If the trend reverses, then the price of BONE may fall to $1.3974, and $1.1952.

Bone (BONE) Support and Resistance Levels

The chart below shows the support and resistance levels of Bone (BONE).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Bone (BONE). 

The charts show that Bone (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 (BONE)  might plummet to almost $0.5977, a bearish signal.

Bone (BONE) Price Prediction 2023 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Bone 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.

Also, the Moving Average (MA) of Bone (BONE) is shown in the chart above. Notably,  Bone price lies below 50 MA (short-term), so it is upward. Currently, Bone has entered a bullish state. Therefore, there is a possibility of a reversal trend of Bone at any time.

Meanwhile, the relative strength index (RSI) of the Bone is 52.44. This means that Bone is in an neither overbought nor oversold state. However, this means a major price reversal of Bone may occur in the upcoming days. So, traders need to trade carefully. 

Bone (BONE) Price Prediction 2023 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Bone. 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 (BONE). Currently, the ADX of BONE lies in the range of 23.2257 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Bone (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 (BONE) is at 52.44  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 (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’s price action is showing slight dissimilar trend with respect to BTC and ETH.

Bone ( 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 (BONE) Price Prediction 2024

With several upgrades in the network, Bone (BONE) might enter a bullish trajectory. If the coin grabs the attention of major investors, BONE might rally to hit $7 by 2024. 

Bone (BONE) Price Prediction 2025

If Bone (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 (BONE) Price Prediction 2026

If Bone (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 (BONE) Price Prediction 2027

If Bone (BONE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, BONE would rally to hit $18

Bone (BONE) Price Prediction 2028

If Bone (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 (BONE) Price Prediction 2029

If investors flock in and continue to place their bets on Bone (BONE), it would witness major spikes. BONE might hit $22 by 2029.

Bone (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 (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 (BONE) in 2023 is $4.5413. On the other hand,  the bearish price prediction of Bone (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 $0.03992464 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 (BONE)?

The Bone (BONE) token is the native cryptocurrency of the Bone network, a Web3 infrastructure platform that enables users to build and control their own nodes that they can utilize for various Proof-of-Stake blockchain.

2. Where can you purchase Bone (BONE)?

Bone (BONE) has been listed on many crypto exchanges which include Binance, Bybit, CoinW, Bitget, and CoinTiger.

3. Will Bone (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 (BONE)?

On August 05, 2022 Bone (BONE) reached its new all-time high (ATH) of  $0.03992464.

5. Is Bone (BONE) a good investment in 2023?

Bone (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 (BONE) reach $5?

Bone (BONE) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Bone (BONE) will hit $5 soon.

7. What will be Bone (BONE) price by 2024?

 Bone (BONE) price is expected to reach $7 by 2024.

8. What will be Bone (BONE) price by 2025?

 Bone (BONE) price is expected to reach $14 by 2026.

9. What will be Bone (BONE) price by 2026?

 Bone (BONE) price is expected to reach $16 by 2026.

10. What will be Bone (BONE) price by 2027?

 Bone (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.