Most popular meme coins PEPE, BOME : Bearish indications persist


Pepe price faces downward trendline resistance.

The weekly support level for BOOK OF MEME is $0.00944.


Pepe expects a short-term drop.
The four-hour chart shows a declining trendline combining three swing high peaks from May to June resisting pepe pricing.

PEPE may fall 14% from its present trading price of $0.0000119 to $0.0000106, the 50% price retracement of the $0.0000039 to $0.0000172 up move, if this trendline holds.


On the four-hour chart, the Relative Strength Index (RSI) and Awesome Oscillator (AO) are below their mean values of 50 and 0, supporting this bearish situation.

This means bulls are exhausted and bears are in control, which might lower PEPE's price.

However, if Pepe's price closes above $0.0000138, it would falsify the bearish thesis by generating a higher daily high, rallying 10% and reaching the previous daily high of $0.0000152 on June 6.

Price of Book of Meme to drop

BOME price stability depends on $0.00944 weekly support, but a breach may cause a 13% drop to its May 1 low of $0.00826.

On the four-hour chart, the Relative Strength Index (RSI) and Awesome Oscillator (AO) are below their mean values of 50 and 0, supporting this bearish situation.

This means bulls are exhausted and bears are in control, which might lower BOME's price.

However, if the BOME daily candlestick closes above the $0.0111 daily resistance level and flips it in support, and the RSI and AO rise above their mean levels of 50 and 0, the market might become positive.

BOME would establish a higher daily peak during this structural transition. BOME might rise 27% to retest its June 6 high of $0.014133.

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