The total supply of BOBA is roughly 500 million, with less than half of it, or 158 million, now in circulation as according to the coin market cap. It is ranked 235th in terms of market capitalization, with a market share of near-zero
BOBA is currently trading at $2.86 per coin, the price has nearly increased by 8% in a single day. Today’s high and low are $2.89 and $2.55, respectively. On the other hand, the daily trade volume has climbed by over 4%. BOBA hit its all-time high in November 2021, with a price of around $6.90. During the downturn, the price plummeted to roughly $2.54 in the month of December 2021. The price began to reverse, but, like many other coins, the reversal has been quite weak. The price is making lower highs and lower lows in general. In January, we observed an almost 1.98% decrease in the price of BOBA
Technical Analysis – BOBA NETWORK (BOBA)
Gaps can be the reason for the price to move in a certain direction. We can see that BOBA has a gap in the price that lies above the current value. This can drive the price upwards. This gap to date hasn’t been filled.
When the price fell down from this level, it tried to rise up again but it was in vain as it fell down again. The price fell down and created a double bottom.
Now both of these are confluences which can drive the price upwards. From here a possible long can be taken depending on the lower time frame confirmations. If we find the price to be bullish we can take an entry in the price with the final target as the gap that resides above.
Price Prediction – BOBA NETWORK (BOBA)
BOBA is a good investment and is going to provide great returns. Wallet investor considers BOBA to be a good investment as well. But according to them, in a year the price is expected to reach a value of $0.35. In five years the price is expected to reach a value of $2.880. In one year, the price is expected to decrease but the long-term hold is quite profitable according to them. Just like them, traders are also quite bullish on the price movement and think that it would hold much more value in the near future.
