Bone ShibaSwap Defies Gravity: Technicals Signal 109% Breakout Imminent

Dogcoin derivatives aren’t supposed to behave like this—yet Bone’s chart paints a wildly bullish picture. Here’s what the algos see that retail might’ve missed.

Key Patterns Emerging:

- Textbook bull flag formation on the 4H chart

- RSI cooling off from overbought territory (healthy consolidation)

- Volume spikes matching previous breakout levels

Market Psychology Play:

Traders are quietly accumulating while Bitcoin dominance wobbles—typical ’altseason’ behavior from hedge funds who still pretend to hate memecoins. The 109% projection? That’s just the measured move from the flagpole. Whether it holds depends on whether Shibarium’s gas fee drama gets resolved before the next crypto journalist ’discovers’ this chart.

Remember: In DeFi, TA is just astrology for MBAs—but sometimes the lines do go brrr.

Technical Outlook for Bone ShibaSwap

So, what’s a double bottom? It’s a reversal pattern that forms after a downtrend, often signaling that selling pressure is waning. Visually, it looks like the letter “W”: two troughs at similar depths, separated by a modest recovery. A breakout above the middle peak—known as the confirmation level—often indicates a shift in momentum.

In BONE’s case, that middle resistance sits around $0.44. If bulls can clear it convincingly, momentum could build quickly. The analyst’s $0.74 target corresponds with a former resistance zone, lending extra weight to the call.

Ecosystem Dynamics May Influence Bone ShibaSwap Price

Bone ShibaSwap’s role in the shiba inu ecosystem adds a layer of complexity. As the gas token for Shibarium, BONE’s value is closely tied to network usage. More users, more apps, more transactions? That’s bullish for BONE. But if Shibarium activity lags, demand—and price—could follow.

Markets remain volatile, with macro forces and sentiment often overruling charts. So while technical setups like the double bottom provide a roadmap, they’re not promises.

Still, rising volume and a textbook pattern give bulls something to lean on. Whether or not BONE reaches $0.74, the structure is there—and for now, the story favors upside.

$BONE Market Metrics Reflect Rising Momentum

As of 12:47 p.m. ET on Monday, Bone ShibaSwap (BONE) traded at $0.3467, up 14.57% over the past week. The rally came with a 12.02% jump in 24-hour trading volume, now at $16.9 million—pointing to revived investor interest and growing liquidity.

CoinMarketCap data shows a circulating supply of roughly 229.92 million BONE, giving it a market cap of $79.84 million. That places the token in the mid-cap tier, with recent gains hinting at shifting sentiment as traders respond to technical cues and the evolving Shiba Inu ecosystem.

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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.