🐸🐸🐸BOOK OF MEME (BOME) Price Prediction: Will BOME Meme Coin Rise Soon
The crypto Sunday leader Bitcoin price continues to hover near $62,500, causing high-end #memecoins such as Dogecoin, Shiba Inu and PEPE to register a significant correction in their respective portfolios since the beginning of this week.
On the other hand, network congestion on the Solana Network has become a major problem for the blockchain, causing Solana-based memecoins to have the highest impact, with the BOME price registering a correction of about 10% over the past day.
Moreover, the Meme price Book has been repeatedly rejected at the $0.0123 resistance level, indicating a strong liquidation for this memecoin at this point.
The cross EMA 50/200 day registered a strong bearish price feeling in the 1D time frame, while the EMA 50 day showed a bearish trend, highlighting a negative outlook for this memecoin this week.
The RSI, a technical indicator, shows a significant decline on the chart, emphasizing that the sell-overbought pressure in the crypto space is increasing. In addition, the average shows a downward curve indicating a negative price movement for the BOME price in the coming period.
Will the #BOME Price Rise?
If the market experiences an upward trend, the BOME price will test the $0.011060 resistance level again this week. Moreover, if the bulls keep the price at that point, memecoin will be preparing to test the upper resistance level of $0.0123 next week.
On the downside, if the bears continue to undercut the bulls, the price will trade under the bearish effect and test the $0.0099 support level. Also, if market sentiment continues to show a bearish trend, this memecoin will fall towards the low support level of $0.0086 this month.
