Million

Resistance

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>Active addresses in the BONE ecosystem show a decline in transactions, indicating reduced demand and value for the cryptocurrency. </a><a> </a></li><a> </a>
 <li><a> <span>2</span> </a><a>Currently, volume is at $9.38 Million and price is at $0.767, showing a persistent downtrend. </a></li>
</ul>
<p>Active addresses are unique addresses belonging to BONE users who engage in at least one or more transaction during a specific period. In the past 24 hours, 303 unique addresses in the BONE were involved in a transfer for the specified asset. Over a 7-day period, the number of distinct addresses participating in transactions increased to 1928, and over a 30-day period, it further grew to 9512.</p>
<p>This shows that the number of individuals engaging in transactions with BONE is decreasing, leading to a decrease in demand and value for the BONE cryptocurrency due to a decline in active addresses. These terms emphasize the immediate and extended patterns of a <a previewlistener="true" href="https://www.thecoinrepublic.com/2024/03/31/this-big-german-bank-has-acquired-four-cryptocurrency-licenses/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a>‘s behavior and its acceptance.</p> <iframe loading="lazy" title="Santiment Chart: Active Addresses 30d (BONE), Active Addresses 7d (BONE), Active Addresses 24h (BONE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2024-01-10T00%3A00%3A00.000Z&amp;dt=2024-04-09T18%3A29%3A59.149Z&amp;sat=shchcfg_K-xFXa3ABLEt&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bactive_addresses_30d%3Bbone-shibaswap%3BBONE%5D%3B%5B1%3Bactive_addresses_7d%3Bbone-shibaswap%3BBONE%5D%3B%5B1%3Bactive_addresses_24h%3Bbone-shibaswap%3BBONE%5D&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%3B%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-30-day-market-value-to-realize-value-shows-bone-price-is-likely-to-decline-strong"><strong>30-Day Market Value to Realize Value Shows BONE Price is Likely to decline</strong></h2>
<p>The chart displays the correlation between the BONE cryptocurrency price and the MVRV rate in the past 30 days. The MVRV ratio is a measure of the average profit or loss experienced by investors who bought in the past 30 days.</p>
<p>The data indicates a positive relationship between the price of BONE and its MVRV rate, showing that they are both moving in sync.</p>
<p>When the price rises, the increase in the MVRV ratio shows an increase in the number of participants. In the same way, if the price drops, the ratio drops too, indicating that more investors are experiencing losses.</p>
<p>The graph indicates a decrease in MVRV, with the 30-day MVRV ratio for BONE cryptocurrency falling, leading to a correction in price from the closest supply area. It shows that the BONE shibaswap price might plummet significantly if additional investors decide to sell, leading to a decrease in price.</p> <iframe loading="lazy" title="Santiment Chart: MVRV Ratio (30d) (BONE), Price (BONE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2024-01-10T00%3A00%3A00.000Z&amp;dt=2024-04-09T18%3A29%3A59.149Z&amp;sat=shchcfg_K-xFXa3ABLEt&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bmvrv_usd_30d%3Bbone-shibaswap%3BBONE%5D%3B%5B1%3Bprice_usd%3Bbone-shibaswap%3BBONE%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-bone-crypto-price-vs-volume-analysis-strong"><strong>BONE Crypto Price Vs Volume Analysis</strong></h2>
<p>The BONE chart, as indicated by the Santiment chart, illustrates the correlation between the cryptocurrency’s volume and price. During the initial week of March 2024, the BONE asset exhibited high volume and price, suggesting a rise in market interest and activity. The majority of the time, the volume stayed over $75 Million, with the price reaching its highest point at approximately $1.54 on March 5th.</p>
<p>Nevertheless, following March 5th, there was a sudden drop in both the volume and price of BONE crypto, suggesting a decline in interest and enthusiasm. The trading volume rapidly dropped below $75 Million and there was a significant decrease in the price from $1.54 to $0.70. The present trading volume on the Santiment platform stands at $9.38 Million, with the current price sitting at $0.767.</p>
<p>The graph shows a decrease in both the price and volume of BONE, demonstrating a persistent downtrend.</p> <iframe loading="lazy" title="Santiment Chart: Price (BONE), Volume (BONE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=xrp&amp;pt=XRP&amp;df=2024-01-10T00%3A00%3A00.000Z&amp;dt=2024-04-09T18%3A29%3A59.149Z&amp;sat=shchcfg_K-xFXa3ABLEt&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bbone-shibaswap%3BBONE%5D%3B%5B1%3Bvolume_usd%3Bbone-shibaswap%3BBONE%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-bone-crypto-price-analysis-over-daily-chart-strong"><strong>BONE Crypto Price Analysis Over Daily Chart</strong></h2>
<p>BONE crypto has been involved in a fierce battle since the beginning of the price structure, with bulls initially dominating but bears coming in on March 5th, 2024, resulting in bulls losing momentum and bears taking over to create lower lows and highs on the daily chart.</p>
<p>The price remains below resistance levels from the 20-day and 50-day EMAs and is tracking a downward trendline on the daily chart. Meanwhile, RSI is at 41.10 declining below, and MACD is below zero line which has formed a bullish cross.</p>
<p>At the time of writing, the BONE cryptocurrency faced a decrease of -4.89% within the past day and is presently being exchanged at $0.742570.</p>
<p>If the BONE cryptocurrency price drops below the $0.700 threshold, it may continue to decrease and reach even lower points.</p>
<p>Conversely, should there be a surge in demand for the BONE asset price, it may rebound significantly from its present level. The next target for the price may be to hit the $1.0000 price level.</p> 
<p><a href="https://in.tradingview.com/chart/BONEUSD/FrzbIhxY-the-BONE-cryptocurrency-faced-a-decrease/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>Active addresses in the ecosystem show a decline in transactions, indicating reduced demand and value for the cryptocurrency. The MVRV rate correlates with the price of BONE, demonstrating how investor participation impacts the market. A decrease in MVRV suggests a potential price drop if more investors sell.</p>
<p>After March 5th, BONE crypto experienced a sudden decrease in volume and price, signaling waning interest. Trading volume fell below $75 Million and price dropped from $1.54 to $0.70. Currently, volume is at $9.38 Million and price is at $0.767, showing a persistent downtrend.</p>
<h4 class="wp-block-heading"><strong><strong>Technical Levels</strong></strong></h4>
<p><strong>Support Levels</strong>: $0.700</p>
<p><strong>Resistance Levels</strong>: $1.0000</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

BONE Crypto Price Is Plummeting, Can It Thrust Upward Soon?

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