Shiba

Shiba Inu

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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.&nbsp;
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.
Looking at the historical price chart, the current price level emerges as a significant support level for&nbsp;<a href="https://u.today/shiba-inu-bone-leash-gain-10-as-shib-ecosystem-receives-inflows" rel="noopener noreferrer nofollow">BONE</a>, a level it has consistently bounced off of and held firm in the past. Notably, the last time the token touched this price range, a stunning 160% surge ensued, spanning two months from June to July. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="c741c87c-5419-466e-81cd-33196242f812" src="https://u.today/sites/default/files/inline-images/BONEUSDT_2023-10-30_18-49-40.png">Source: <a href="https://www.tradingview.com/x/phhQmyJk/" rel="noopener noreferrer nofollow">TradingView</a>
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.&nbsp;
This demonstrates a recurring trend: whenever this&nbsp;<a href="https://u.today/shiba-inu-shib-key-indicator-paints-picture-you-dont-want-to-see" rel="noopener noreferrer nofollow">Shiba Inu token</a> has traded at this price point in the past, it has consistently witnessed substantial price growth in subsequent months.
<h2 dir="ltr" id="bullish-divergence">Bullish divergence</h2>
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.&nbsp;
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.
While history and price charts alone are not infallible indicators of future performance, they provide valuable benchmarks for understanding potential future movements. As&nbsp;<a href="https://u.today/shiba-inu-shib-possible-price-correction-triggers-whale-exodus" rel="noopener noreferrer nofollow">Shiba Inu's</a> BONE aims for 160% growth, traders should certainly pay attention to this compelling pattern.

BONE of Shiba Inu Aims for 160% Growth as Price Chart Hints at Familiar Pattern

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