Book of Meme (BOME) is at a critical turning point.

One of the most popular memecoins on the Solana blockchain, Book of Meme (BOME), is giving signs of recovery with its low market value and circulating supply.

BOME, which has left behind a volatile week in the crypto market, is trading at $ 0.00085. BOME, which has lost more than 6 percent since October 30, is giving a potential bullish signal despite the declines. According to the analysis prepared by AMBCrypto, if the price remains above a significant support level, buying pressure may increase.

In the analysis, it was seen that $BOME created a new bullish formation and the formation highlighted the support point located at $ 0.00836. BOME may continue its upward rise if it maintains this support level.

Technical indicators show that BOME successfully tested the support point located at $ 0.00836 and formed a bullish formation. Famous analyst Rekt Capital predicted that BOME would reach a wider trading range if the bullish formation is broken.

BOME, which is at critical support levels, may test the $ 0.009925 resistance with potential buying appetite. The analysis included the following statements;

“If the price breaks the $ 0.009925 resistance, it can be said that the next target is $ 0.014527. On the other hand, if the current support is lost, the price of the popular memecoin may decline further.”

The long-term price target for BOME was indicated as $ 0.018476. It was predicted that BOME could reach the target if the uptrend continued. Technical indicators showed that the 9-day and 21-day moving averages offered upward momentum. The analysis included the following statements: “A close below the 21-day average may signal a possible weakening in momentum.”

Memecoin’s Relative Strength Index (RSI) is at 52.63. The RSI level, which is interpreted as a neutral zone, may strengthen the rise if it rises above 57.60.

$BTC $ETH
#CryptoDeNostradame #ParrotBambooCrypto