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Bone ShibaSwap (BONE) has garnered significant attention over the past few weeks, exhibiting substantial growth in its token value.
As of 6:51 AM EST, the price of BONE stands at $1.63, reflecting a surge of 2.3% within the last 24 hours.
BONE Price Rides along Parabolic Curve
Referring to the chart, the consecutive red candlesticks suggest a short-term price retracement as the value nears a vital support level.
A rebound above this support might propel the price toward the earlier resistance point at $2.12.
However, this resistance could either yield and lead to a breakthrough or remain steadfast, potentially forming a double-bottom pattern—an indicator of price retracement.
Moreover, the price operates within a parabolic curve, suggesting a sustained bullish sentiment that could drive it to a fresh all-time high of $3.5.
Additionally, there’s a noticeable formation of a W pattern, which hints at a potential price continuation indicated by the neckline.
Furthermore, solid technical indicators bolster the BONE price. The fact that it’s trading above the simple moving averages (SMAs) underscores the market’s bullish stance.
This alignment signifies that the bulls have a solid grip on the market sentiment. The moving average cross at $1.19 also affirms the prevailing bullish momentum for BONE’s price.
However, the relative strength index (RSI) is currently on a downward trend, hovering at 63, slightly below the typically overbought threshold of 70.
If the support level remains resilient, it could potentially compel a rebound in the RSI, pushing it back into the overbought region.
Based on the analysis above, the price action for BONE seems to be at a decision point. If the bulls sustain the price, we should see the price surge to $6.13. Conversely, a candlestick close below the support level will lead to the bulls finding haven at 1.22, coinciding with the 50 SMA.
Investors might explore new cryptocurrency options in presales with potential favorable returns in 2023. One such cryptocurrency is Shibie Coin (SHIBIE), which has gained significant attention in the meme coin sector.
Shibie Coin Alternative to BONE
In contrast to conventional tokens, Shibie Coin (SHIBIE) aims to inject excitement into the cryptocurrency market through its captivating storyline and vibrant themes. The coin’s dynamic and alluring attributes promptly seize the community’s attention, distinguishing it from its counterparts.
Shibie coin embodies a token with a robust emphasis on community involvement, highlighting active user engagement and providing corresponding rewards. The community has been instantly captivated by the coin’s sassy and charming nature, setting it apart from other tokens.
1 more #community #art as $shibie couldn't resist! #shibie loves dressing up as famous movie stars, she always feels extra glamorous.
Enter the #presale now: https://t.co/0vq6u6CXw2 pic.twitter.com/SIcDWftvwE
— Shibie Coin | Live (@ShibieCoin) August 10, 2023
Shibie, a token centered around its community, strongly emphasizes involving its members and rewarding their active participation.
SHIBIE boasts intriguing features and tokenomics. The project allocated 60% of its token supply to the presale, earmarking 10% for CEX listing, 20% for liquidity, and allocating 5% each to the project team and marketing initiatives.
The development team also has plans to introduce AI bots to engage investor interest within the community. With this well-thought-out approach, SHIBIE stands ready to make a lasting impact in the crypto market, enabling early investors to reap substantial rewards.
SHIBIE Presale Surpass 20% of Hard Cap Reached, 4 Days Left
The presale is the initial phase for $SHIBIE, with the roadmap unveiling upcoming partnerships and strategies to conquer the crypto market.
Following the presale, SHIBIE will secure listings on major cryptocurrency exchanges (CEXs), potentially attracting a broader user base and driving its price higher.
https://youtu.be/sqTOpbwx9hM
With only 4 days left to the conclusion of the current presale stage, the SHIBIE presale has already surpassed 20% of its hard cap, amassing over $261,298 and inching closer to its $999,999 goal.
This achievement underscores the enthusiasm and interest within the cryptocurrency community for the imminent debut of SHIBIE.
Priced at $0.000167, SHIBIE presents an enticing opportunity for prospective investors, thanks to its affordability and ease of access.
The minimum investment threshold has been set at 100 tokens. Interested investors can participate in the ongoing presale by visiting the project website and exchanging BNB or ETH for SHIBIE tokens.
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