Bone ShibaSwap (BONE) price has displayed bullish strength over the last ten weeks, rising 130% to the current level of $1.47. Traders expect that BONE will make another 130% climb over the coming weeks bringing areas around $3.4 into the picture.
Shibarium’s primary function is to serve as a platform for building decentralized applications (dApps) and integrating them into real-world usage. It is designed to make Shiba Inu more affordable, faster, and scalable.
This will make it more attractive to users and developers and could positively impact the value of tokens in the Shiba Inu Ecosystem, including BONE.
The launch of Shibarium, which is expected to happen between August 15 and 16, could help to reduce network congestion on Ethereum.
Rise and shine #SHIBARMY ☀️ The wait is finally over – Futurist is here and we’re ready to roll! Who’s ready to uncover the amazing surprises and insights we’ve prepared for the next few days? 👀 #Futurist23
— Shib (@Shibtoken) August 15, 2023
The project has been keeping its community informed about these developments through daily posts and announcements on social media. This has been met with a lot of excitement from the community, which expects a positive impact on the Shiba Inu network and the price of all the cryptocurrencies in the ecosystem.
Dubbing the “Summer of Shibarium” this season, the SHIB Army is excited about the prospects of BONE going ballistic, with X user Shib Spain saying he was more bullish than ever on the token.
— Shib Spain 𝕏 (@ShibSpain) August 15, 2023
Bone ShibaSwap Price Could Exploit V-shaped Recovery Pattern
The BONE price action has formed a V-shaped recovery chart pattern on the weekly chart a,s shown below. This is a highly bullish reversal pattern where a rapid and steep recovery follows similarly in a price drop.
At the time of writing, BONE was fighting immediate resistance from the $1.60 psychological level. Breaking this barrier will see the Bone ShibaSwap price climb to confront opposition from the $1.80 supplier congestion level and later the V-shaped pattern neckline at $2.10.
Overcoming this barrier would signal an escape from the governing chart pattern setting the DEX token on a path to a sustained recovery. BONE may face significant hurdles, from the psychological levels at $2.50 and $3.0, before reaching the bullish target of $3.4. This would represent a 130.22% upsurge from the current price.
BONE/USD Daily Chart
Apart from the bullish V-shaped chart pattern, Bone ShibaSwap’s positive outlook was supported by the position of the price above critical simple moving averages (SMAs). The 50 and 100 SMAs at $.08 and $1.14 r, respectively, represented areas of significant demand that could propel the price higher.
Furthermore, the Supertrend indicator’s position below the price suggested that the bulls had begun taking control of the market. Like the moving averages, this index overlays the chart while tracking BONE’s trend. It incorporates the average true range (ATR) in its calculations, which helps gauge market volatility. As long as the index is green and stays below the price, buyers are likely to remain in an advantageous position.
On the other hand, the Relative Strength Index (RSI) at position 85 painted extremely overbought conditions for the Bone ShibaSwap price. Therefore, as buyers get exhausted and profit-taking kicks in, BONE may turn down from the current levels with the SMAs proving support. Below that, the SuperTrends green line at $0.86 provides the last line of defense before the SHIB-related token tumbles toward the bottom of the V-shaped pattern at $0.6599.
Launchpad XYZ (LPX), a new crypto platform focused on Web3 analytics, has attained a significant milestone surpassing the $1 million mark in presale. This accomplishment has captured the interest of investors looking for a project that can revolutionize the crypto landscape.
🎉 HUGE NEWS! We’ve just crossed the $1.2 million mark in our #Presale!
A heartfelt thank you to our incredible community. The journey has only begun 🚀
— Launchpad.xyz (@launchpadlpx) August 8, 2023
Launchpad XYZ is an inclusive portal that delivers various tools to enhance efficiency and profitability for crypto traders, investors, and users within the Web3 space.
The Launchpad XYZ team furnishes vital resources and tools, reinforcing its dedication to streamlining Web3 technology and fostering integration.
To actualize this visionary concept, the creators have seamlessly integrated unique components like a trading terminal, trading advantage, Launchpad Quotient, and an AI-powered search function.
The native token of this innovative platform, $LPX I,s sold for $0.0445. The presale is expected to cod once the fundraising goal of $1.55 million is accomplished.
To establish yourself as an early investor and potentially gain advantageous returns, visit the Launchpad XYZ website here and connect your cryptocurrency wallet. YoThrough bank cards, you buy $LPX tokens using BNB, ETH, USDT, or traditional fiat currency v
Wall Street Memes – Next Big Crypto
- Early Access Presale Live Now
- Established Community of Stocks & Crypto Traders
- Featured on BeInCrypto, Bitcoinist, Yahoo Finance
- Rated Best Crypto to Buy Now In Meme Coin Sector
- Team Behind OpenSea NFT Collection – Wall St Bulls
- Tweets Replied to by Elon Musk