BOME plunged 14.25% to 0.005897! What will be the future trend?
BOME (BOME/USDT) plunged 14.25% today, and the price hit $0.005897, refreshing the recent low. The trading volume was as high as 5.778 billion, and the market bearish sentiment was strong. The current price is below the moving average, and the RSI shows oversold. The technical side indicates that there may be a rebound demand in the short term.
Key point analysis:
• Support level: $0.005460
• Pressure level: $0.006667
Strategy suggestions:
• Short-term traders: You can try to buy low in the range of $0.005500 to $0.005600, with a target of $0.006200 and a stop loss of $0.005400.
• Mid-term watchers: Wait until the price stabilizes above $0.006000 before entering the market.
Market dynamics:
The sharp drop in BOME may be related to the concentrated selling of short-term profit-taking and the overall low market sentiment. Investors need to pay close attention to the market trend and capital inflow.
Do you think BOME will rebound? Or do you think the market will continue to weaken? Please leave a message to share your views!