Shibarium Ecosystem Sees Rising Activity Amid BONE Holder Growth
- Significant Holder Growth: The Shibarium ecosystem has surpassed 93,000 BONE holders, with an increase of 5,653 holders in the past week, marking an 87% growth rate, which indicates a notable rise in user engagement despite price pressures, reflecting long-term confidence in the ecosystem.
- Large Holders Accumulate: Addresses holding over 1 million BONE increased their positions by 4.2% in April, controlling approximately 58% of the total supply, with an average holding period of 412 days, showcasing a commitment to long-term Shibarium development despite short-term price declines.
- Rising Trading Activity: Although BONE's price declined by 2.5% in the past 24 hours, trading volume surged by 51.77% to $1.7 million, indicating enhanced user confidence, as more BONE tokens are moving from centralized exchanges to non-custodial wallets, reducing immediate selling pressure.
- Market Structure Changes: BONE is currently priced at $0.0584, down 99.86% from its all-time high of $41.67 in September 2021, yet the increase in trading activity juxtaposed with price declines highlights a shifting market structure within the Shiba Inu ecosystem.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB). As of , Shiba Inu (SHIB) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000054 | 0.00000563 | 0.00000587 | 0.0000061 | 0.00000634 | 0.00000657 | 0.00000681 |
| Fibonacci | 0.00000563 | 0.00000581 | 0.00000592 | 0.0000061 | 0.00000628 | 0.00000639 | 0.00000657 |
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