Gushiken Yona
Bone price may be primed for a breakout. A closely watched crypto trader believes BONE — the gas token powering Shibarium — has officially found its bottom and could be gearing up for a powerful upward move. Backed by a tightening chart formation and rising trading volume, the setup is drawing attention from traders eyeing the next meme coin rally.
The trader, identified on X (formerly Twitter) as army_shiba, presented a bullish case for BONE. They stated directly: “$BONE bottom is literally in. These kind of patterns usually ends up with a huge breakout. I’m closely watching the movements.”
This assertion came as BONE shows some positive short-term momentum. Recently, the token was trading around $0.2804, marking a 3.33% increase over the previous 24 hours, with its market capitalization near $64.47 million.
Chart Pattern Suggests Bone Price Coiling for Move
The chart accompanying the analyst’s commentary displays BONE’s price action forming what appears to be a descending triangle or falling wedge. This pattern is characterized by a series of lower highs pressing down against a relatively stable horizontal support level.
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As these two lines converge, the price becomes increasingly compressed, often preceding a sharp move, or breakout, in either direction. Army_shiba’s assertion that “these kind of patterns usually ends up with a huge breakout” implies an expectation that the Bone Price will break upwards from this consolidation.
Adding weight to the potential for a significant move is a notable uptick in trading activity. BONE’s 24-hour trading volume recently surged by approximately 29.38% to $7.32 million.