The Bone price surged nearly 12% over the past week, driven by rising trade volumes and robust community optimism. Technical analysis indicates that while momentum is building, it hasn't yet reached peak levels, suggesting room for further growth.
Bone Price Update: Key Metrics
As of Tuesday morning ET, the Bone price stood at $0.2765, reflecting a 13.11% weekly increase. Key highlights:
- 24-hour trading volume: $5.16 million (+24.54% weekly).
- Circulating supply: 229.92 million BONE.
- Market cap: ~$63.64 million.
👉 Explore real-time Bone price trends
Technical Analysis: Recovery in Progress
The Relative Strength Index (RSI) for BONE/USDT is at 50.63, signaling neutral momentum:
- RSI below 30: Oversold (buying opportunity).
- RSI above 70: Overbought (caution advised).
Current levels show upward momentum from recent lows but remain far from overbought zones observed during past peaks (e.g., August 2023).
Whale Activity & Holder Sentiment
- Community sentiment: 85% bullish (77,200+ votes).
Holder distribution:
- 96% of addresses hold <$1,000 in BONE.
- Whales control 50.14% of supply.
- Long-term holders: 87% held BONE for >1 year.
Despite positive price action, BONE’s market cap dipped 6.33% to $62.68 million, highlighting mixed signals.
FAQ: Bone Price Dynamics
Q1: Why did the Bone price rise recently?
A: Increased trading volume and strong community optimism fueled the 12% weekly surge.
Q2: Is BONE overbought now?
A: No. The RSI at 50.63 suggests neutral momentum, with room for growth before overbought levels (70+).
Q3: How concentrated is BONE ownership?
A: Whales hold 50.14% of supply, but 96% of addresses are small (<$1,000).
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Key Takeaways
- Short-term demand is rising alongside long-term holder confidence.
- Technical indicators support continued recovery without immediate overheating risks.
- Monitor whale activity and market cap trends for deeper insights.
Disclaimer: This content is for informational purposes only. Always conduct independent research and consult a financial advisor before investing.
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