- The price of BONE has risen more than 10% in the last 24 hours.
- BONE’s price surged 25.85% on 8 March 2023 to break a key resistance level.
- Technical indicators for the altcoin are currently in limbo.
In the last 24 hours, Bone ShibaSwap (BONE), has experienced a price increase of 10.17% according to the crypto market tracking website, CoinMarketCap. This takes its price to $1.68 at press time.
In addition to strengthening against the Dollar, BONE has also strengthened against the crypto market leaders, Bitcoin (BTC) жана Ethereum (ETH), by 7.52% and 6.78% respectively. The altcoin was able to reach a daily high of $1.76 and set its daily low at around $1.48.
BONE’s price broke above the key resistance level at $1.5997 on 8 March, 2023 with a 25+% spike in its price. This price pump saw the altcoin’s price rise from a low of $1.3801 to a high of $1.8797 before closing off the day’s trading session at $1.8085.
The 2 days that followed the price pump both saw BONE’s price close below its opening price. This pushed its price back down to the crucial $1.5997 level, which it is currently resting on.
Technical indicators on BONE’s daily chart are in limbo at press time, which suggests that traders and investors are waiting for a confirmation of BONE’s next move.
Currently, the 9-day EMA is trading just below the 20-day EMA line and the daily RSI line is trading just below the daily RSI SMA line. A confirmation that BONE’s price will drop in the coming 24 hours will be if it closes today’s trading session below $1.5997. On the other hand, a confirmation that its price will rise will be if it closes today above the price level.
Disclaimer: көз караштар жана пикирлер, ошондой эле бул баа талдоо бөлүшүлгөн бардык маалыматтар, ак ниеттик менен жарыяланат. Окурмандар өз алдынча изилдөө жана тийиштүү дыкат жасашы керек. Окурман тарабынан кабыл алынган ар кандай иш-аракеттер толугу менен өздөрүнүн тобокелдигинде. Coin Edition жана анын филиалдары түз же кыйыр зыян же жоготуу үчүн жоопкерчилик тартпайт.
Source: https://coinedition.com/bones-price-is-currently-resting-on-a-key-support-level/