BOME Price Prediction: 20% Plunge Coming

The price of Bitcoin, the leader of the cryptocurrency market, continues to hover around $62,500, causing top memecoins such as Dogecoin, Shiba Inu, and PEPE to see notable corrections in their respective portfolios since the beginning of the week.

On the other hand, network congestion on the Solana network has become a major issue for its blockchain, causing Solana-based memecoins to be the most affected, with the price of BOME correcting by about 10% in the past day.

In addition, the price of Book Of Meme has been rejected multiple times at the $0.0123 resistance level, indicating a strong liquidation for this memecoin at this time.

The crossover EMA 50/200 daily lines has recorded a strong bearish price sentiment on the 1D timeframe, with the EMA 50 daily line showing a bearish convergence, highlighting the negative outlook for this memecoin this week.

The technical indicator RSI shows a significant decline in the chart, highlighting the increase in selling pressure in the cryptocurrency space. Moreover, the averages show a bearish curve, indicating a negative price action for the price of BOME in the coming period.

If the market sees a bullish reversal, BOME price will retest the $0.011060 resistance this week. Also, if the bulls sustain this price, the memecoin will be ready to test its overhead resistance at $0.0123 in the coming week.

On the downside, if the bears continue to overwhelm the bulls, the price will trade under the bearish influence and test the $0.0099 support. Also, if the market sentiment continues to be bearish, the memecoin will plummet to the lower support of $0.0086 this month.

#Meme币你看好哪一个？ #BTC走势分析 #Megadrop #ETH #BOME

I am Lao Li, a fresh goods blogger who is optimistic about the future of the currency circle

Inspirational to bring fans ashore together, if interested, you can click the avatar and follow

I need fans, you need reference