š±ššBook Of MEME (BOME) bullish signal is flashing Whales are watching BOME
In the 1H chart, the #BOME price shows the double bottom reversal breaking above the resistance trendline. The breakout brings an end of correction for the meme coin and reclaims the $0.010 psychological mark.
Currently, the Book of MEME token price trades at $0.0106 and shows dominance above the 23.60% Fibonacci level. As the breakout rally gains momentum, the meme coin may shortly surpass overhead resistances.
Technical Indicators:
MACD: The MACD and signal lines sustain a positive recovery, reflecting a boost in demand.
EMA: The uptick in the 50 EMA with the breakout rally increases the chances of a comeback rally in the Book of MEME.
Will BOME Price Reach $0.012?
With high hopes of a trend reversal, the bullish breakout rally may soon gain momentum. Further, a recovery in the broader market can propel the Book of MEME coin price for a massive recovery.
A breakout of the 50% Fibonacci level and the 200EMA in the 1H chart will signal a massive jump next week. Further, this will increase the golden crossover chances in the 1H chart.
On the upside, the BOME price could reach $0.014 mark.
With a long-term bearish trend, the Book of MEME is ready for a bullish comeback with a demand surge in lower timeframes. For a bullish comeback, the meme coin must overcome multiple resistances and undermine them for an uptrend continuation.
In smaller timeframes, the $BOME price signals a buying opportunity for the sideline traders at lower prices. So, will the meme coin survive the bearish market conditions for a bull run next week?
Book of Meme Price Performance
With an intense pullback phase in motion, the Book of MEME token has been down 21% in the last seven days. However, with the bullish comeback in recent hours, the BOME token shows a double-bottom reversal from the $0.0095 mark.
