Bone Shiba Swap Price Stumbles at $1.35 Due to Bearish Takeover

• BONE price analysis is bearish today, with the token dropping below $1.35.
• Resistance for Bone Shiba Swap price is present at the $1.51 level.
• The support level for the token is present at the $1.32 level.

Bone Shiba Swap price analysis shows a decline in price today. The day started with selling pressure building up in the market, and the price dropped from $1.51 to $1.32. The BONE/USD pair has been under consolidation since yesterday, and a breakout is yet to be observed in the coming days as the coin is still maintaining its price level. Selling pressure is bringing the price down toward the moving average value.

The bearish momentum is overwhelming as buyers are backing off, contributing to the decline. The downward pressure seems to be extending for the remainder of the day, and the price may go further down than the current price level.

The 1-day price chart for Bone Shiba Swap price analysis also demonstrates bearish momentum because the bears are successfully maintaining their advantage. The BONE value has somewhat declined over the last couple of hours. With the time of writing, it is $1.35 and is declining.

The BONE/USD pair has lost around 9.40 percent since the start of the current session. The trading volume for Bone Shiba Swap is seen to be relatively low at the moment, indicating a lack of buyers in the market. Currently, it stands at $15 million, with a market cap of $220 million.

The daily chart for BONE indicates a bearish crossover with the MACD, indicating more losses in the near term. The Relative Strength Index (RSI) is still trending lower and is currently positioned at 75.13; any further downside pressure could take it even lower.

The 50-day Exponential Moving Average (EMA) is currently noted at $1.25, while the 200-day EMA is seen around the $1.34–$1.35 range, indicating that bulls need to take control of the market soon and bring in some buying pressure or else prices could continue lower from here.

The 4-hour Bone Shiba Swap price analysis shows that the price level will continue to drop as long as bears maintain their dominance. The BONE value is fluctuating around $1.35 after going through some degree of fall in recent hours.

The hourly technical indicators display that the 9-EMA and the 21-EMA are also bearish and indicate a downward trend for the pair. The relative strength index (RSI) has sunk down to index 61.75 on the hourly charts. It is now in the direction of the oversold region.

The MACD levels are also showing bearish momentum in the market with the orange line below the blue line. The MACD histogram also appears to be in the negative territory, indicating a bearish market for BONE.

Overall, Bone Shiba Swap price analysis shows that bears are still in control of the market and will maintain their dominance if no bullish momentum is seen in the near term. The support level for the token is present at the $1.32 level, which if broken could signal further losses for BONE. For the upside, resistance is present at the $1.51 level, which if broken could signal an uptrend in prices.

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