$BOME Price Analysis - CoinPedia Analytics
The recent surge in BOME's price has led to a breakout from a long-standing descending triangle, marking a significant bullish shift. This breakout above the trend reversal zone of $0.0076â$0.0080 has ignited investor optimism. While the price attempts to validate a double-bottom pattern, a brief retracement is likely before the upward momentum resumes.
BOME is currently targeting the key range of $0.01124â$0.01155, with a minor pullback to $0.0085 possible as volume builds. The OBV has rebounded, suggesting sustained buying pressure. A rise beyond the August highs could confirm a breakout from the bearish trend. Analysts expect BOME to remain bullish throughout 2024, with a projected target of $0.15 by year-end. Traders should watch for near-term dips as potential buying opportunities.
