The cryptocurrency market has been volatile recently, and the price trends of mainstream tokens such as Bitcoin have been a concern for every enthusiast. However, in this storm, the Solana-based memecoin BOME has shown extraordinary resilience. After six weeks of consolidation, the price of BOME has finally launched a healthy rebound from the key support area below, bringing a glimmer of hope to the market.
Although BOME prices are still trading in a bearish range, the increase in market volatility provides the possibility for a positive uptick. The efforts of the bulls in the past few days have successfully triggered a rebound, and the market sentiment has also slightly improved.
Can BOME price rise by another 20% before the end of the month?
From a technical perspective, BOME prices have been trading within a descending triangle for a long time, but the MACD indicator shows an increase in buying volume, which is a positive sign.
At the same time, the RSI indicator continues to remain high and is about to hit the upper limit, indicating that market momentum remains strong. If the bulls can show enough strength when testing the upper resistance, the BOME price is expected to break through the current pattern and initially reach the target price of $0.012.
In general, there is still some uncertainty as to whether the price of BOME can rise by another 20% before the end of the month. But in any case, we should keep paying attention and respond flexibly to market changes. After all, in the field of cryptocurrency, which is full of opportunities and challenges, only those who can keenly capture the pulse of the market and act decisively can have the last laugh.
(Personal opinion, not a recommendation)
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