$BOME Is It Too Late To Buy BOME?
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Book Of Meme Price Soars 14% And This Might Be the Next Crypto To Explode
The price surged 14% in the last 24 hours to trade at $0.01076 as of 3:20 a.m. EST on a 211% leap in trading volume to $264 million.
The resurgence in activity around BOME is also evident from its rising futures open interest, which surged 14% in the past seven days to $60.25 million.
A recent rise in these metrics has made Bome one of the hottest meme coins in this bull run.
📊 BOME Price Spikes Above the Falling Channel
After a long period of declining prices, marked by a bearish wedge pattern, the popular meme coin Book of Meme (BOME) has begun to rebound.
BOME price bulls have regained momentum after a downturn, which saw the bears push the price down to the $0.008126 support zone. The double bottom formation has given the bulls the boost they needed to lift the price above the falling wedge.
Additionally, the BOME price has surged above the 50 Simple Moving Average (SMA), breaking out of the bearish channel. This shift in momentum indicates an upward trend ahead.
A little push to the upside may push the price above the 200 SMA, which currently acts as a barrier to the price.
The RSI also reflects this uptrend, moving above the 50 midline level and retracing around the 70 overbought zone. Currently hovering around 67, the RSI suggests strong buying pressure. If momentum continues to increase, the RSI could move into the overbought zone above 70, signalling heightened buying interest and reinforcing BOME’s bullish outlook.
🪙 Book Of Meme Price Prediction: Bull Rally Ahead?
Despite a slight rebound, BOME seems ready to trade above the 200 SMA resistance. The bullish moving average has enabled the bulls to push the price back above the falling channel, aiming for the previous high of $0.01310. If they can break through this level, the bulls could propel the price to $0.01390 in the coming days.
*This is not investment advice.
