Memecoins

Will Book Of MEME (BOME) be next week’s biggest meme coin?

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With a long-term bearish trend, MEME Book is poised for a bullish return with increased demand in a shorter time frame. For a bullish return, the meme coin must overcome multiple resistances and undermine them to continue the bullish trend.

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

Meme price trend book

With an intense pullback phase underway, the Book of MEME token is down 21% over the past seven days. However, with the bullish return of the last few hours, the BOME token shows a double bottom reversal compared to the $0.0095 threshold.

Tradingview

In the 1H chart, BOME price shows the reversal of the double bottom breaking above the resistance trend line. The breakout ends the correction for the meme coin and reclaims the psychological threshold of $0.010.

Currently, the Book of MEME token price is trading at $0.0106 and showing dominance above the 23.60% Fibonacci level. As the breakout rally gains momentum, the meme coin may soon break out of overall resistances.

Technical indicators:

MACD: The MACD and signal lines support a positive recovery, reflecting increased demand.

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

Will BOME price reach $0.012?

With high hopes for a trend reversal, the bullish rally may soon gain momentum. Furthermore, a recovery in the broader market can push the price of Book of MEME coins into a massive recovery.

A break of the 50% Fibonacci level and the 200 EMA on the 1H chart will signal a huge jump next week. Furthermore, this will increase the chances of gold crossover in the 1H chart.

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

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