The post BOME and Meme Coin Offer Reversal Entry With Breakout Chances appeared first on Coinpedia Fintech News
As the broader market conditions are as volatile as ever, the bullish trend in the meme coins is taking a hit. However, low-cap meme coins like BOME and MEME display a possibility for a turnaround from crucial support.
With the turnaround momentum and breakout chances, will these low-cap meme coins lead to a bull run next week?
BOME Reversal At $0.00882
With a morning star pattern at $0.0082, the BOME price trend showcases a positive cycle chance in the daily chart. The Book of MEME coin showed a price jump of 5.42% last night at the crucial support level.
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Furthermore, the BOME price daily chart shows a declining trend, forming a resistance trendline. This bearish phase forms a declining triangle pattern, keeping the bullish growth under check.
Currently, the meme coin trades at a $0.0087 price with an intraday pullback of 1.55%, reflecting an intraday weakness. However, the daily RSI line shows a bullish divergence in the last few dips at the $0.0082 mark.
Optimistically, a reversal rally can reach the overhead resistance trendline by surpassing the $0.010 mark. A trendline breakout rally can reach the $0.0188 mark.
MEME Coin Price Breakout Rally Eyes $0.025
With a bearish trend in motion, the MEME coin price action shows a falling wedge in the daily chart. The falling wedge pattern is seen in multiple altcoins in the current market condition, suggesting a pullback phase. However, the recent jump overnight teases a positive cycle within the pattern.
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Currently, the MEME price trades at $0.01943 with an intraday drop of 1.86%, following the 7.58% jump last night. The overnight jump formed a morning star pattern at the crucial support trendline, revealing strong reversal chances.
Considering the reversal momentum sustains, the meme coin price can challenge the overhead trendline near $0.025. Further, a bullish breakout rally can result in a price jump to the $0.050 psychological milestone.
