Bone Price Surge? Bulls Bet on Big Rally

The Bone price sits at a crossroads this Thursday, showing signs of calm on the surface even as bullish sentiment swells among supporters.

At 3:55 a.m. ET, BONE traded at $0.3036, up 2.09% in 24 hours. The move added early fuel to the fire for believers in a broader rally—particularly those watching the token’s role within the Shiba Inu ecosystem.

BONE, the gas token for Shibarium and central to the ShibaSwap decentralized exchange, saw its market cap climb to $69.77 million—a 1.79% daily increase. Its 24-hour trading volume rose to $8.34 million, up 4.15%, hinting at growing trader interest. While longer-term monthly gains have been modest, the recent uptick could signal a momentum shift.

Decoding the Bone Price Technical Landscape

Thursday’s daily chart of Bone ShibaSwap (BONE/USDT) reveals a token emerging from a stretch of turbulence. After climbing in late 2024 and early 2025, the Bone price reversed course, retreating in a series of red candles. Recently, it’s entered a consolidation phase, with sideways movement suggesting a standoff between buyers and sellers—a classic setup for a breakout.

Below the price candles, the Relative Strength Index (RSI) offered more nuance. As of Wednesday’s close, the 14-day RSI hovered around 45–46—neutral territory, just below the 50 midline traders often view as the boundary between bullish and bearish control.

The RSI showed a gentle upward slope, hinting at renewed buying pressure. But without a clean break above 50, bulls haven’t quite seized momentum.

Further down the chart, daily volume bars echoed the indecision. While historic price moves were accompanied by heavy volume, recent sessions have been quieter. Still, the latest $8.34 million in 24-hour volume suggests activity may be picking back up.

Bone Price Optimism: A Community United

Technical signals may be mixed, but sentiment isn’t. A striking 85% of nearly 80,000 voters in a CoinMarketCap poll expressed bullish views on BONE. It’s a familiar setup—community enthusiasm building ahead of chart confirmation.

Many see BONE as a sleeper asset in the Shiba Inu ecosystem, tied tightly to Shibarium’s growth. If buying interest continues and indicators like RSI and volume break key thresholds, the long-anticipated rally might not be far off.

For now, the slight daily gain adds a layer of intrigue to a token perched on the edge of movement—its direction soon to be decided.

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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.