BOME
As trading volume surged by more than 40% to $800 million, which is comparable to the current market value of memecoin, the number of holders is also increasing, showing that memecoin is gradually gaining market dominance.
As trading volume continues to rise, BOME price has strongly broken through the resistance level and stabilized above the new support level, indicating that the price may rise again.
In the early days of memecoin, bears had a brief advantage, but assets tend to see large price fluctuations after long periods of consolidation. After more than a month of consolidation, the price has broken above the symmetrical triangle, showing strong momentum.
Increased buying pushed the price to test the resistance level of $0.012, and although bears temporarily exerted pressure, these pressures may dissipate as the bears weaken.
Technical indicators show that the RSI is about to hit a high, which may trigger a small correction, but bulls may maintain the upward trend.
A correction to the new support area (the original triangle resistance) is expected, and then the rise may resume, moving towards the $0.014 and even higher $0.02 target. These levels were once strong resistance levels, but now they may become new bases for the coin to rise.
