*Two Altcoins Poised to Outshine Bitcoin in August 2024*😱😱🚀🚀🔥🔥💸💸

*Book of Meme (BOME) Breaks Resistance, Eyes Further Gains*

The Solana-based meme coin, Book of Meme ($BOME ), has demonstrated a bullish breakout by surpassing the upper line of its horizontal channel, which had formed resistance since June 29. This move has resulted in a 10% price increase. The breakout indicates increased buying pressure and a potential for continued growth. Additionally, BOME's price is now trading above its 20-day exponential moving average (EMA), signaling a strengthening short-term trend and increased buying pressure. If this trend persists, BOME's price may reach $0.011, a level last seen on June 7.

*Bitcoin Cash ($BCH ) Exhibits Significant Bullish Sentiment*

Bitcoin Cash (BCH), the native coin of the peer-to-peer electronic cash system, has experienced a remarkable 15% price surge over the past seven days. Although BCH's price has corrected by 4% since reaching a monthly high of $453.80, positive sentiments continue to surround the altcoin. BCH's Relative Strength Index (RSI) is currently at 65.36, indicating a significant bullish bias. Furthermore, BCH's Chaikin Money Flow (CMF) is in an uptrend and above the zero line at 0.16, confirming the possibility of further price growth. If the current trend continues, BCH's price may reach $453.10.

*Key Takeaways*

- Book of Meme (BOME) breaks above resistance, indicating a bullish breakout

- BOME's price trades above its 20-day EMA, signaling a strengthening short-term trend

- Bitcoin Cash (BCH) experiences a 15% price surge over the past seven days

- BCH's RSI and CMF confirm a significant bullish bias

- Both altcoins are poised to outperform Bitcoin in August 2024

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