GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout
News

Will Book Of MEME (BOME) Be The Top Meme Coin Next Week?

book-of-meme

The post Will Book Of MEME (BOME) Be The Top Meme Coin Next Week? appeared first on Coinpedia Fintech News

With a long-term bearish trend, the Book of MEME is ready for a bullish comeback with a demand surge in lower timeframes. For a bullish comeback, the meme coin must overcome multiple resistances and undermine them for an uptrend continuation.

In smaller timeframes, the BOME price signals a buying opportunity for the sideline traders at lower prices. So, will the meme coin survive the bearish market conditions for a bull run next week? 

Book of Meme Price Performance

With an intense pullback phase in motion, the Book of MEME token has been down 21% in the last seven days. However, with the bullish comeback in recent hours, the BOME token shows a double-bottom reversal from the $0.0095 mark. 

Tradingview

In the 1H chart, the BOME price shows the double bottom reversal breaking above the resistance trendline. The breakout brings an end of correction for the meme coin and reclaims the $0.010 psychological mark. 

Currently, the Book of MEME token price trades at $0.0106 and shows dominance above the 23.60% Fibonacci level. As the breakout rally gains momentum, the meme coin may shortly surpass overhead resistances. 

Technical Indicators:

MACD: The MACD and signal lines sustain a positive recovery, reflecting a boost in demand. 

EMA: The uptick in the 50 EMA with the breakout rally increases the chances of a comeback rally in the Book of MEME.

Will BOME Price Reach $0.012?

With high hopes of a trend reversal, the bullish breakout rally may soon gain momentum. Further, a recovery in the broader market can propel the Book of MEME coin price for a massive recovery. 

A breakout of the 50% Fibonacci level and the 200EMA in the 1H chart will signal a massive jump next week. Further, this will increase the golden crossover chances in the 1H chart. 

On the upside, the BOME price could reach $0.014 mark.

Latest Press

post-thumbnail
News
2 hours ago
Polkadot (DOT) Poised For Rally? Analyst Predicts $9.00 Breakout
Resilient and showing great upward momentum is Polkadot (DOT), the blockchain network noted for its ...
READ MORE
post-thumbnail
News
2 hours ago
Solana Leads Crypto Rally As Expectations For A Break Above $200 Grow
Solana has recently captured the attention of market participants with a remarkable surge to $175, s...
READ MORE
default post thumbnail
News
2 hours ago
Husky Inu ($HINU): The Next Top Dog?
As the memecoin frenzy continues, new projects vying for investor attention are continually launched...
READ MORE
default post thumbnail
News
2 hours ago
Polkadot Price Analysis: $DOT Battles to Get Ahead Despite Market Run
The crypto market has made significant strides since the recent downturn. Bitcoin has been holding s...
READ MORE
default post thumbnail
News
2 hours ago
Crypto Weekly Roundup: WazirX Hacked, Germany Running Out Of BTC, & More
Last week, Germany completely emptied its Bitcoin reserves by sending off its final tranche. With th...
READ MORE
post-thumbnail
News
2 hours ago
6 Reasons XRP Price Could Hit $1 This Summer (Opinion)
This article represents the opinion of the author and is not to be construed as financial advice. Ri...
READ MORE
default post thumbnail
News
2 hours ago
Bitcoin ETFs See $1.2B Inflow as CBOE Sets Ethereum ETF Launch Date
Spot Bitcoin ETFs have racked up around $1.24 billion in inflows over the past week as spot markets ...
READ MORE
post-thumbnail
News
8 hours ago
Ethereum ETF Received Preliminary Approval to Start Trading on July 23
The post Ethereum ETF Received Preliminary Approval to Start Trading on July 23 appeared first on Co...
READ MORE
post-thumbnail
News
8 hours ago
Top 5 Cryptocurrencies to Buy Now for the Next Bull Run – Get In Before It’s Too Late! (July 2024 Updated)
The post Top 5 Cryptocurrencies to Buy Now for the Next Bull Run – Get In Before It’s Too Late! ...
READ MORE
default post thumbnail
News
8 hours ago
$4 Billion At Risk If The Dogecoin Price Slips Below This Level
The post $4 Billion At Risk If The Dogecoin Price Slips Below This Level appeared first on Coinpedia...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started