Price Analysis View Non-AMP

BOME Price Gives Major Break, Aims 2x Surge

Published by
Sohrab Khawas

Entering an intense stage of pullback after impressive listing gains, the BOME price dips 38% in April. The downfall created a triangle pattern in the daily chart and even broke below the $0.010 psychological mark.

However, as the overall market finds a boost in buying pressure, the meme coin sector is back in action. Amidst the booming sector, the BOME price presents a textbook reversal pattern, teasing a prolonged uptrend. 

Book of Meme Price Performance

With a market cap of $639 Million, the Book of Meme token price is on the rise as the broader market recovers gradually. Despite a negative return of 19% in the last 30 days, the BOME price is recovering and shows a 20% growth in the last 7 days. 

As the recovery rally gains momentum, the BOME price escapes the triangle pattern with a double-bottom reversal. With increased trading volume, the turnaround from $0.0081 reclaims the $0.010 psychological mark. 

The neckline for the reversal pattern is at $0.012 and teases a bullish breakout for a prolonged uptrend. Further, as per Fibonacci, retracement over the initial bull run presents critical price levels. 

Currently, the BOME price trades at $0.0115 and struggles to surpass the 50% Fibonacci level. A break above this level will signal a buying opportunity for the sideline traders to catch the next bull run. 

Technical Indicators:

RSI: The RSI line shows a massive surge to the overbought zone, reflecting increased underlying demand.

MACD:  The MACD and signal lines are in a positive tandem and reflect a rise in bullish histograms.

Will BOME Price Cross $0.012?

As a crucial resistance level, the ongoing brawl at the $0.012 mark will decide the upcoming BOME price trend. A breakout rally will potentially reach the $0.023 peak for a 2x surge this month. On the flip side, a reversal could put the $0.010 level at risk. 

Also Check Out: Memecoins Regains Strength as Bitcoin Recovers: WIF, FLOKI, DOGE & PEPE Price Soar 

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

These 4 Tokens Under $0.50 Will Flip $350 into $35000, Forget Dogecoin (DOGE)

Dogecoin (DOGE) might’ve kicked off the meme coin movement, but let’s face it—its best days…

July 9, 2025

Bitwise Names ETH, SOL, XRP, LINK as Top Tokenization Picks

Bitwise, a leading crypto asset manager, has identified Ethereum, Solana, XRP, and Chainlink as the…

July 9, 2025

Pi Network Price Dips as Possible Manipulation Raises New Concerns

Pi Network is back in the spotlight, not for a new milestone, but for something…

July 9, 2025

Binance CEO Richard Teng Sounds Alarm: Is Your Crypto Account Safe?

Binance CEO Richard Teng has issued a strong reminder to the crypto community: your assets…

July 9, 2025

Can Toncoin Flip $2.88 Barrier & Retest $5 In The Short-term?

Toncoin (TON) is trading at $2.81 currently, showing small gains with a 24-hour price gain…

July 9, 2025

Top Summer Picks: Ethereum (ETH) Climbs, But This Under-$0.05 Coin Could 15x

Ethereum (ETH) is enjoying renewed market enthusiasm this summer, bringing energy back into the altcoin…

July 9, 2025