Coin Edition -
- BOME surges 35.71% from the recent low, hitting $0.01579 amid a buying spree.
- Market cap and volume of BOME spike 35.66% and 82.72%, signaling high investor interest.
- BOME’s technical indicators hint at potential overbought correction.
Following a period of stabilization, BOOK OF MEME (BOME) has had a bullish recovery over the last 24 hours after reaching support at $0.012. Bearish attempts to derail the uptrend were unsuccessful as a sharp rise in buying pressure drove the price over resistance at $0.015. As a result, BOME’s price rocketed to an intra-day high of $0.01681, followed by a modest drop due to profit-taking.
BOME/USD 24-hour price chart (source: CoinStats)
However, general market sentiment remains favorable for BOME, which continues to demonstrate resilience in its upward trend despite being 44% lower than its all-time high. At press time, BOME was trading at $0.01579, up 35.71% from its recent low, signaling substantial investor interest in the coin.
The next resistance level to monitor for BOME, according to experts, is between $0.018 and $0.023, which might be surpassed if the present positive trend continues. However, if negative momentum takes hold of the market and drives the price below $0.015, we may witness a retest of previous support levels between $0.012 and $0.01.
$BOME Breakout Confirmed