Book of Memes (BOME):

Despite a 7.78% increase in its valuation over the past seven days, the price of BOOK OF MEME is still trading in a closed range between $0.007525 and $0.011080. This indicates a long-term bearish sentiment towards memecoin in the cryptocurrency space.

The Moving Average Convergence Divergence (MACD) has recorded a bullish rise with its average showing a bullish convergence on the 1D timeframe. This suggests that buying pressure on memecoin in the cryptocurrency market is outweighing selling pressure.

However, the technical indicator RSI shows a bearish trend below its midpoint, highlighting the uncertainty of BOOK OF MEME’s price in the coming period.

If the market moves under the influence of the bulls, the BOME price will be ready to test its upper resistance at $0.0151 in the next month. On the negative side, if the bulls fail to gain momentum, memecoin will head towards its critical support at $0.007525.

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