{"id":542332,"date":"2023-07-12T11:00:55","date_gmt":"2023-07-12T11:00:55","guid":{"rendered":"https:\/\/ktsl888.com\/?p=542332"},"modified":"2024-06-11T07:50:51","modified_gmt":"2024-06-11T07:50:51","slug":"shiba-inu-token-bone-surges-88-too-late-to-buy","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-token-bone-surges-88-too-late-to-buy\/","title":{"rendered":"Shiba Inu Ecosystem Token BONE Surges 88%, Too Late To Buy?"},"content":{"rendered":"
The Shiba Inu ecosystem token Bone ShibaSwap (BONE) has seen a staggering 88% price increase within the last 28 days, since Jun 15. Last Saturday, the price rally stopped for the time being at just under $1.50, which means that the Shiba Inu-based token has already experienced an interim price increase of over 120%.<\/p>\n
Since then, the BONE price has been in a consolidation. A look at the 1-day chart of BONE shows that the price initially shot above the 50% Fibonacci retracement level, but failed to defend the gains on a daily basis and eventually fell below the resistance. Thus, the $1.38 level is the key resistance.<\/p>\n
The current correction has caused the overheated daily RSI to reset from 81 to 61. Still, further consolidation might be needed to ignite further upside potential. A target for bears could be the 100-day exponential moving average (EMA)and the 38.2% Fibonacci level in the $1.00 to $1.01 range.<\/p>\n