Bone ShibaSwap Price Prediction: 2024, 2025, 2030

BONE price prediction: Key highlights

1. Primary support and resistance levels

• On the daily time frame, $0.95 can pose significant resistance to the price.
• $0.55 was established as the lowest price floor for the token.

2. Market sentiment

• The BONE market has been observed to be slightly bullish in June 2024.

3. Predictive forecasts

• Our AI/ML predictive algorithms anticipate BONE to attain an average trading price of $11 in 2027 and $190 in 2031.

Gain valuable insights on BONE via a detailed daily technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

BONE technical analysis: Higher highs fuel market optimism

Memecoins created quite a frenzy in 2024, garnering substantial attention. Nevertheless, the hype seems to have died down. Hence, Bone ShibaSwap price prediction for 2024 lays the groundwork for examining what lies ahead for this token.

The analysis period commenced with the price stabilizing over $0.58 in mid-April. This level acted as a springboard for a rally that pushed the price to test $0.73. Unfortunately, this rally faced rejection, prompting a downturn.

Notably, the bulls managed to halt further declines at $0.58 towards the end of April. Shiba Inu (SHIB) enhanced its standing in the crypto ecosystem in May through Shibarium’s integration of ShibaSwap. This strategic move aims to boost functionality and alleviate transaction costs associated with layer-2 platforms while maintaining its foundational ties to the Ethereum (ETH) blockchain.
 

This triggered another rally, which culminated in a test of $0.63. Nevertheless, the hype died down pretty soon as a series of declines followed, compromising even $0.58. Following this, the token found footing on the lowest chart support at $0.55.
 

Notably, this low served as an attractive entry point for buyers. A substantial pump mid-month preceded a new uptrend. The price continued to make higher highs and higher lows, which directed it to the upper resistance at $0.69.
 

The price even surged to touch the highest chart barrier of $0.73 towards the end of the month. In a noteworthy development, the Shiba Inu development team announced in TheShibDaily that the transfer time for BONE tokens from Shibarium to Ethereum was reduced from seven days to 45 minutes, significantly boosting efficiency. Consequently, Shibarium's Total Value Locked (TVL) soared.

However, the bulls’ inability to move past $0.69 caused the price to drop. At the time of writing, the token was trading at $0.64. Amid these advancements, BONE is poised for increased demand due to its critical role in transactions and liquidity operations combined with the ease of transfer. This anticipated rise could lead to another price rally.
 

This rally could enable BONE to revisit and possibly surpass previous resistance levels. Notably, a substantial effort would be required for BONE to overcome $0.95, which stands as a major hurdle to claim the critical $1 mark.

Conversely, if bearish pressure mounts, the current support at $0.63 is at a significant risk of giving way. Should this level fail, BONE might once again fall back on $0.58 with the likelihood of tumbling back to its lowest recorded support, repeating the cycle of volatility.
 

Our advanced predictive models forecast that BONE's trading price will experience a significant pump over the next few years. According to these projections, BONE is expected to achieve an average trading price of $11 by 2027. This uptrend is anticipated to continue, with the price potentially soaring to an impressive $190 by 2031.

BONE's 2024 roadmap: Key indicators to watch and trade

• These Bollinger Bands started out quite wide. The price generally remained below the 20-day Moving Average (MA), experiencing only temporary rises above it in late April and again in early May. However, the surge mid-month positioned the candles decisively above this 20 MA. Consequently, the bands began to converge slightly.
• The price’s move above the upper band later in the month triggered another expansion, signaling overvaluation. A correction materialized, causing the candle to fall slightly below the MA by the end of the analysis period. It highlighted a cooling off of buying pressure. 
• A significant increase in trading volume accompanied a partial price recovery in the latter half of April, but this was not sustained as further declines occurred.
• Another brief surge in volume was noted in May as the price dropped to touch its lowest support, but this was also short-lived. This reflected a lack of sustained investor confidence.
• The Awesome Oscillator (AO) remained below the zero line until mid-May. Its positive values began building up slowly, reflecting an increase in bullish strength. However, this trend reversed by June. At press time, it registered at 0.0368. This pointed to weakening buyer strength.