🐸🔥BOME Price Shows Breakout Rally Poised To Hit $0.30
The Book of Meme market price is gaining momentum with a new breath of relief in the meme coin sector. With this recovery phase, BOME price bounced back from the key Fibonacci retracement level, signaling a strong rally.
Breaking through the halfway retracement or 50% mark, the buyers finally returned. So, will the #BOME price get back above the $0.20 mark?
With the down channel trend of BOME price forming a consolidation range, supply pressure eased leading to a bullish return. As buyers break above the consolidation range, the meme coin will move higher with a new breakout.
Furthermore, with buying pressure increasing and trend momentum unleashed, the breakout rally challenges the 38.20% Fib level. The uptrend also reclaimed the psychological mark of $0.015 and formed a new higher trend low.
In terms of volume action, the sudden increase in trading volume supports the ongoing rally. As a result, market participants are predicting and consolidating a bull run in the Book of Meme market.
Currently, the price of #BOME. trading at $0.0159 with intraday growth of 15.86% reflecting a continued trend following last night's 12% gain. Furthermore, the uptrend continues to form many consecutive bullish candles on the daily chart.
Will BOME price regain $0.020?
As buyers drive a new bullish trend in the Book of Meme market, the meme coin is heading towards new highs. With BOME price reclaiming $0.015 and breaking out of the range, sentiment is improving again for the newly launched meme coin.
Therefore, with the ongoing breakout momentum, the meme coin could easily touch the $0.020 mark. Optimistically, Book of Meme could reach the $0.026 mark next week if the trend momentum is maintained.
