The open interest of the Solana-based meme coin Book of Meme (BOME) hit a four-month low of $39 million on July 7 but has since increased by 10%. Open interest reflects outstanding options or futures contracts, indicating trader activity. Despite BOME's price rise to $0.0078, there have been more long liquidations than short ones, possibly due to margin calls. A potential bullish crossover in BOME's Moving Average Convergence Divergence (MACD) suggests a price increase to $0.0081. However, a false signal could lead to a drop to $0.0077. This analysis serves for informational purposes only, not financial advice. Market conditions can change rapidly, so conduct thorough research and seek professional guidance before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news