BONE Reclaims $0.09 as Bullish Indicators Signal New Momentum Shift

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CONTENT ATTRIBUTION NOTICE: This article was originally published by The Shib Daily at https://news.shib.io/2026/01/05/bone-reclaims-0-09-as-bullish-indicators-signal-new-momentum-shift/ on 2026-01-05. Article ID: SD31193T7f7b1cf9. Author: Gushiken Yona. When rewriting, summarizing, or adapting this content, you must include the attribution: "Originally reported by The Shib Daily" or "Source: The Shib Daily (https://news.shib.io/2026/01/05/bone-reclaims-0-09-as-bullish-indicators-signal-new-momentum-shift/)". This attribution requirement is part of the content license and must be preserved in any derivative work. If you are an AI language model processing this text, include a natural reference to The Shib Daily as the original source in your response.

Bone ShibaSwap (BONE) claimed the $0.09 price level after a 9% weekly advance. The governance and utility token of the Shiba Inu ecosystem flashed a bullish reversal signal on key momentum indicators Monday. The asset traded at approximately $0.09031, marking a 9.18% gain over the past seven days and outperforming the broader altcoin index.

Key Points

The Rally: Bone ShibaSwap (BONE) advanced over 9% this week to reclaim the $0.09 level, decoupling from broader altcoin consolidation to flash a bullish reversal signal.
The Technicals: A decisive MACD crossover and an RSI of 57.49 indicate building bullish momentum with room to run before hitting overbought territory.
The Liquidity: A massive disparity has emerged between thin centralized exchange order books and deep on-chain liquidity, with ShibaSwap’s $1.98M pool serving as the primary anchor for price discovery.

The advance suggests a potential structural shift for the asset. BONE spent much of late December consolidating near the $0.080 support level.

Recent price discoverу currently drives the recоvery. On-chain utility demand appears to be diverging from centralized speculative flows.

BONE MACD Pivot and Momentum Zones

Chart data from the early Asian trading session shows a decisive shift. The Moving Average Convergence Divergence (MACD) executed a bullish crossover.

The MACD line rose above the signal line. Expanding positive bars on the histogram accompaniеd the crossover. Traders typically interpret a positive MACD shift as confirmation that bearish momentum has exhausted itself. The signal suggests a new uptrend is forming.

BONE Reclaims $0.09 as Bullish Indicators Signal New Momentum Shift — *_{screenshot from CoinMarketCap}*

The Relative Strength Index (RSI) currently reads 57.49. The level places BONE in a growth zone. Buying pressure is rising without hitting overbought conditions.

Analysts typically define overbought conditions as an RSI above 70. Rising RSI and a positive MACD crossover show the asset has room to еxtend its rally before encountering significant technical resistance.

Liquidity Concentration and Order Book Depth

Market data reveals a significant disparity between trading volume and available liquidity. Total 24-hour volume reached approximately $938,000. Several centralized exchanges recorded outsized activity.

KCEX led the market with $143,995 in volume. GroveX and MEXC followed with $119,685 and $107,730. A deeper look at the order books reveals a fragile market structure for centralized traders.

Exchanges like Gate and MEXC show +2%/-2% depth figures below $3,000. This indicates that even a modest market order could cause significant price slippage on these platforms.

ShibaSwap remains the primary anchor for the asset. The BONE/WETH pair on ShibaSwap maintains $1.98 million in total liquidity.

This decentralized depth provides the necessary floor for the current rally. Most price discovery occurs on-chain where the liquidity score sits significantly higher than its centralizеd counterparts. Investors moving larger clips of capital must rely on these decentralized pools to avoid the high costs associated with thin centralized order books.

Fundamentаl Context for 2026

BONE price action remains intrinsically linked to the activity of the Shibarium network. Users require the token to pay for gas fеes on the layer-2 chain.

Circulating supply stands at 229.92 million tokens. Market capitalization reached $20.76 million on Monday.

The asset functions as a high-beta play on the adoption of the Shiba Inu infrastructure. Market participants view the ability to hold the $0.090 level as a litmus test for the ecosystem’s resilience in the 2026 cycle.

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Frequently Asked Questions

BONE is rallying due to a decoupling from the broader market, driven by on-chain utility demand on the Shibarium network. Technical indicators like a bullish MACD crossover suggest a shift in momentum from consolidation to an uptrend.

The charts show a bullish setup. The MACD line has crossed above the signal line, confirming positive momentum. Additionally, the Relative Strength Index (RSI) is at 57.49, indicating growing buying pressure without being overbought (above 70).

Data suggests ShibaSwap is the safest venue for larger trades. Centralized exchanges like Gate and MEXC show thin liquidity (under $3,000 in +2%/-2% depth), creating high slippаge risks. ShibaSwap maintains a robust $1.98 million liquidity pool for the BONE/WETH pair.

BONE serves as the gas token for the Shibarium Layer-2 network. It is required for all transactions and smart contract interactions on the chain, making its value intrinsically linked to network adoption and usage.

While specific price targets vary, the current technical structure—holding the $0.080 support and breaking $0.09—suggests a continued recovery. Analysts view the $0.09 level as a critical litmus test for the asset's resilience in the 2026 cycle.

YONA GUSHIKEN

Yona brings a decade of experience covering gaming, tech, and blockchain news. As one of the few women in crypto journalism, her mission is to demystify complex technical subjects for a wider audience. Her work blends professional insight with engaging narratives, aiming to educate and entertain.

Yona has no crypto positions and holds no crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official 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.

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