In #MemeWatch2024 let's see #Bome
First, I say that I do not believe in any currency, if one does well, correct me, but it may make good money from the Telegram groups, but those of us who are here fighting alone or only with our brains, in short, the primary factor to consider is the activity of the whales. Large holders can have a big impact on the price, as a large sell order can cause the price to drop significantly. It is currently trading in a range that has support levels at $0.00726533. Significant resistance levels are at $0.01002333. These are prices to watch in case we see a break at one of these levels, which can lead to further market volatility. It is possible to look at the market capitalization amount (743.4M) and circulating supply (69B) to arrive at reasonable price assumptions for the future.
According to the RSI, on the 4-hour time frame, it is currently trending up with the RSI reading at 56.35. Line 50 could provide support if the indicator returns to it.
On the 1 day time frame, it is currently in a bearish trend with the RSI reading at 44.63. The 50 line could provide resistance if the indicator returns to it.
According to the price forecast, today's value (06-28-2024) should trade relatively constant between the ranges of $0.00726533 and $0.01002333.
Significant events such as protocol upgrades or hard forks can also play an important role in the price.
DISCLAIMER
The information, data and predictions provided are for informational purposes only according to the information I am able to gather. They do not constitute financial, investment or any other type of professional advice and are not intended to be. Users are encouraged to consult with a financial advisor before making any financial decisions. I cannot take responsibility for your financial decisions.