BONE Price Analysis for September 16

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bulls are trying to be back in the game again, according to CoinStats.

Top coins by CoinStats


Unlike other coins, the rate of BONE has dropped by 1.52% since yesterday.

Image by TradingView

On the hourly chart, the price of BONE might have found the local support level of $0.7973. If the daily bar closes above the $0.80 area, one can expect an upward move to the $0.82 range tomorrow.

Image by TradingView

On the bigger time frame, the price of BONE is in the middle of a wide channel, getting energy for a sharp move. As neither buyers nor sellers have seized the initiative yet, ongoing consolidation in the range of $0.80-$0.82 is the more likely scenario for the upcoming week.

Image by TradingView

From the midterm point of view, the rate of BONE is far even from a local rise as there are no prerequisites for that. If buyers want to be back in the game, they need to fix the price above the nearest resistance of $0.9111. 

However, it might take a few weeks for that to happen.

BONE is trading at $0.8084 at press time.

#BONE #Price #Analysis #September

Leave a Reply

Your email address will not be published. Required fields are marked *