Shiba Inu's BONE token is gearing up for potential 160% surge, as historical data and bullish chart patterns signal
Shiba Inu's ecosystem token BONE may be poised for a remarkable resurgence, with signs pointing to a potential 160% increase from its current price of $0.77 per token.
The optimism surrounding this projection stems from a pattern observed on the BONE price chart, where historical data has consistently shown remarkable growth when the token hovers around the $0.7 mark.
That rally was not a one-off event; it mirrors a similar historical precedent set just a year ago. In November of the previous year, BONE exhibited a comparable pattern, skyrocketing from its current price level to $1.9 per token.
Bullish divergence
Supporting this forecast is the bullish divergence on the Relative Strength Index (RSI) chart, which has been consistently in effect for the last two months.
This bullish divergence between the token price and RSI has previously preceded significant price surges, and it is noteworthy that this is the third occurrence of such a pattern on the BONE price chart.