BOME price has triggered a healthy rebound from the critical support area below after consolidating for more than 6 weeks. However, the breakout of selling pressure has not confirmed the start of a bullish trend as the coin is still trading in a bearish range. Now that market volatility has increased, the possibility of a positive uptrend remains.  

Will BOME price surge by another 20% and initiate an uptick to $0.0126?

BOME price started to surge as the price surged significantly at the time of publishing. Unfortunately, the bears became very active and incurred huge losses, which has continued till now. However, the bulls have managed to trigger a rebound in the past few days and the market sentiment has changed slightly. Therefore, the price is expected to maintain a healthy uptrend in the coming days, but reaching the upper target of $0.0126 might be a tough job.  

Although the price has been trading inside a descending triangle, the MACD shows an increase in buying volume. Meanwhile, the RSI continues to remain high and is about to reach the upper limit. If the bulls show strength in testing the overhead resistance, then it might break out of the pattern and reach $0.012 initially. Otherwise, the BOOK OF MEME price is believed to remain in consolidation within the pattern and reach a peak. Therefore, the upcoming monthly close is very important for a rebound.

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