SHIB Governance Token BONE Poised for 109% Rally as Technical Breakout Looms

A bullish technical pattern on Bone ShibaSwap’s chart suggests a potential 109% surge for the token, according to crypto analyst SHIB KNIGHT. As the governance token of Shibarium, BONE has shown resilience amid market downturns, with accumulating momentum hinting at a significant breakout. This development comes as SHIB trades at 0.00001588 USDT, drawing attention to the shiba inu ecosystem’s growth potential.

Bone ShibaSwap Chart Signals Potential 109% Rally

A technical pattern emerging on Bone ShibaSwap’s chart suggests the token could be gearing up for a substantial breakout. The formation, spotted by crypto analyst SHIB KNIGHT (@armys), indicates potential for a 109% surge from current levels.

As the governance token of Shibarium - Shiba Inu’s layer-2 solution - BONE has weathered the recent market downturn alongside its peers. The chart setup implies accumulating momentum, with traders watching for confirmation of the bullish reversal.

Market participants are scrutinizing the token’s performance on Shibarium, where it facilitates transaction fee payments. A successful breakout could reignite interest in the broader Shiba Inu ecosystem.

Shiba Inu’s Treat Token Fades After Initial Surge

Shiba Inu’s ecosystem expansion with the Treat token launch in January 2025 began with fervor, as the SHIB community embraced the new asset. The token debuted at $0.013 on January 15 and rallied nearly 50% to an all-time high of $0.01951 within ten days. Early investors saw swift gains—a $1,000 position WOULD have ballooned to $1,500 by month’s end.

Momentum proved fleeting. The token shed a decimal place post-ATH, entering a prolonged slump. Four months of sideways trading have left it technically alive but functionally comatose, with no signs of reclaiming its early promise. Market charts now reflect a project struggling to maintain relevance.

Could Ruvi AI (RUVI) Mirror Shiba Inu’s Success? Analysts Weigh AI’s Bull Market Potential

Shiba Inu’s journey from meme coin to ecosystem powerhouse has set a precedent for community-driven crypto projects. The token, initially marketed as a ’Dogecoin killer,’ now boasts a decentralized exchange, NFT ventures, and metaverse ambitions. Its rise was fueled by celebrity endorsements and grassroots adoption.

Ruvi AI enters this landscape with an artificial intelligence focus, positioning itself as a potential successor to SHIB’s retail investment narrative. Some analysts project speculative returns of 28,000% on initial investments during the next bull cycle, though such forecasts remain highly conjectural.

The crypto market continues rewarding narrative-driven assets, with AI projects gaining particular traction. SHIB’s established infrastructure contrasts with RUVI’s technological proposition, creating distinct value propositions for investors.

Shiba Inu Price Climbs Amid Declining Trading Volume

Shiba Inu (SHIB) surged 4.80% to $0.00001603, defying a 28.79% drop in daily trading volume to $524 million. The meme coin’s market cap now stands at $9.44 billion after a 24.40% weekly gain.

Raydium, Walrus, and Ethena emerged as top 24-hour gainers, while Four, DeXe, and PAX Gold led losers. The volume decline suggests waning trader interest despite price appreciation.