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BOME's market value exceeded $1 billion and Meme's price prediction is out; Is it time to buy?
The market cap of BOOK OF MEME (BOME) has been increasing rapidly lately and easily exceeds US$1 billion. On March 17, single-day trading volume reached US$4.73 billion; This was quite a success in the volatile market.
Despite such hot trading, BOME price dropped slightly by 3.25% and the current price is $0.018560. However, BOME landed firmly at#101in the CoinMarketCap rankings, with a market cap of $1.02 billion, supported by 55.2 billion tokens in circulation.
So what will be the price of BOME? According to estimates, BOME is currently at an important threshold at around $0.0217. It fluctuates around this threshold. There is a resistance level above $0.0250 and two levels above $0.0281 and $0.0311.
Conversely, if BOME price declines, it could find support at $0.0177 with two strong support levels below $0.014413 and $0.011172.
Let's look at the technical indicators again: The RSI (relative strength index) is currently at 77, which suggests that BOME may be slightly overbought and the price may correct. The 50-day exponential moving average (EMA) is $0.0203, indicating the delicate balance between bullish momentum and downside threat.
The market pulled the BOME price back to the 38.2% Fibonacci level of the $0.0176 position, which is a critical moment. If the price falls below this level, it may continue to fall to the 50% or 61.8% Fibonacci levels. Therefore, this fundamental threshold price is very critical to the future trend.
Overall, the BOME market still seems to be in an uptrend, but the premise is that the key price of $0.0217 should be maintained.
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