In the past week, BOME's price has soared by a staggering 34.34%. This strong performance not only far exceeds the average moderate increase of 0.70% in the global cryptocurrency market, but also leads the meme coin field.
According to the latest data from Binance, BOME has soared 19.96% in the past two days, showing its market vitality that cannot be underestimated. This round of market has not only ignited investors' enthusiasm, but also demonstrated the market's strong interest and high activity with a daily trading volume of US$407 million.
From the perspective of technical analysis, BOME's upward trend is as solid as a rock. Its price has successfully broken through the upper track of the Bollinger Band. Although this may indicate signs of overbought in the short term, it more shows its strong upward momentum, which is in sharp contrast to the previous consolidation stage. At present, the RSI remains at a high level of 63.50, which is close to the edge of the overbought area, but still reveals the potential for further climbing. As the RSI approaches the critical threshold of 70, it is necessary to remain vigilant to prevent market reversal signals.
The MACD indicator also provides strong support for BOME's upward trend. The indicator line shows a clear golden cross pattern, the MACD line stands firmly above the signal line, and the histogram column continues to lengthen, which indicates that the buyer's power is in a dominant position.
