As the broader market conditions are as volatile as ever, the bullish trend in the meme coins is taking a hit. However, low-cap meme coins like BOME and MEME display a possibility for a turnaround from crucial support.
With the turnaround momentum and breakout chances, will these low-cap meme coins lead to a bull run next week?
With a morning star pattern at $0.0082, the BOME price trend showcases a positive cycle chance in the daily chart. The Book of MEME coin showed a price jump of 5.42% last night at the crucial support level.
Furthermore, the BOME price daily chart shows a declining trend, forming a resistance trendline. This bearish phase forms a declining triangle pattern, keeping the bullish growth under check.
Currently, the meme coin trades at a $0.0087 price with an intraday pullback of 1.55%, reflecting an intraday weakness. However, the daily RSI line shows a bullish divergence in the last few dips at the $0.0082 mark.
Optimistically, a reversal rally can reach the overhead resistance trendline by surpassing the $0.010 mark. A trendline breakout rally can reach the $0.0188 mark.
With a bearish trend in motion, the MEME coin price action shows a falling wedge in the daily chart. The falling wedge pattern is seen in multiple altcoins in the current market condition, suggesting a pullback phase. However, the recent jump overnight teases a positive cycle within the pattern.
Currently, the MEME price trades at $0.01943 with an intraday drop of 1.86%, following the 7.58% jump last night. The overnight jump formed a morning star pattern at the crucial support trendline, revealing strong reversal chances.
Considering the reversal momentum sustains, the meme coin price can challenge the overhead trendline near $0.025. Further, a bullish breakout rally can result in a price jump to the $0.050 psychological milestone.
Also Check Out: Bitcoin, Ethereum, And XRP Price Prediction: Top Tokens To Retest Their Crucial Support?
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