🐸🐸🐸BOME Price Revives Uptrend With 65% Upside Potential
Following the remarkable surge, Meme token Book #BOME is showing a price recovery to overcome the pullback. However, while the entire crypto market is facing a huge wave of selling, the meme coin takes a hit, delaying the next bullish wave.
Despite the strong underlying demand, the lower pattern, which is higher, is making a comeback with side traders expecting to move beyond $0.30 next week. So let's take a closer look at how the BOME price might perform with a potential market rebound just around the corner.
After the decline in the BOME price from the peak of $ 0.02685, the meme coin is receiving support at $0.01352. The support level is in line with the Fibonacci level of 61.80%, leading to the ongoing reversal. With this reversal, the meme is on track to conclude the coin withdrawal.
The reversal of the rise reflects a gradual recovery, resulting in a 72% increase in the last two weeks, and points to a stronger recovery ahead. In addition, the upward trend in the BOME price leads to the formation of a support trendline on the 4H chart.
Currently, the meme coin is trading at $ 0.01685, an increase of 20% last night, reflecting a strong bull run on the move. With buyers maintaining their dominance above the 50% Fib level and the fight continuing at the 38.20% level, the BOME price stands at an important stage.
Will the BOME Price Exceed $0.030?
With the best altcoins and the strong selling frenzy in Bitcoin, the meme coin industry is also taking a hit. As the top meme coins are under extreme supply pressure, the underlying demand is challenged.
According to the BOME price analysis, the support trendline may extend the uptrend to exceed the previous peak of $0.026. Therefore, the breast coin shows an inverse potential of 65%. Also, the uptrend extended by the breakout rally may reach the $0.030 mark.
