Can BOME Crypto Mark A Bullish Reversal Amid Improved Sentiments
Can BOME Crypto Mark A Bullish Reversal Amid Improved Sentiments?
BOME Crypto Surged an impressive 17% yesterday indicating buyers comeback
The weighted sentiment curve spiked into a bullish territory indicating an improved sentiment.
The meme coins are getting a lot of attraction from the investors due to their appeal and innovative features. The increased investors enthusiasm towards the meme coin helped them to outperform blue chip cryptocurrencies like Bitcoin and Ethereum.
Book Of Meme (BOME) is another meme coin which has started gaining traction in the recent sessions. The crypto has surged over 13.6% a week and might add impressive returns to the portfolio of the investors if it succeeds to make a breakout.
Moreover, there has been a notable development in the weighted sentiment curve which further adds confirmation to a bullish scenario. BOME crypto ranks 96th in the cryptoverse with a live market capitalization of $702.53 Million.
Weighted Sentiment Spikes Into A Bullish Territory
While the price action reveals the crypto still into a bearish territory below the 50 day Exponential moving average. However the weighted sentiment curve has witnessed a notable shift into the bullish territory after the price soared nearly 17% yesterday.
As per the data obtained by a financial website app.santiment.net, there has been a rise in the positive sentiment due to which the weighted sentiment curve has reclaimed the bullish territory above the zero line. The improved sentiment might drive the BOME crypto price towards a positive side.
The weighted sentiment curve reflects the overall bias of the investors towards the crypto. A bullish weighted sentiment curve often reflects a positive change in the price.
Can BOME Mark An End To The Correction Phase?
While other meme tokens have delivered a significant amount of returns to their investors in the past three months. On the other hand, BOME has failed to deliver the same as it has been in a correction phase since April.
However, the bulls are attempting in the recent sessions which could mark the termination of a correction phase. The crypto has surged over 13% a week indicating buyers' comeback.
Moreover, the volume inflow has surged by 225.61% indicating strong rise in the demand that could trigger a breakout. On the higher side, the BOME crypto may resume a bullish trend if it surpasses the 50 day EMA.
Is Bome Ready For a Bullish Reversal?
Book Of Meme (BOME) crypto has seen a 13.6% increase over the past week, sparking interest among investors. Despite trading below the 50-day Exponential Moving Average (EMA), a 17% price jump has shifted weighted sentiment to the bullish side.
Moreover, BOME crypto lagged behind other meme coins in the past quarter. However the recent sessions suggest a potential end to its correction phase, with a 13% weekly surge and a 225.61% increase in volume inflow. A break above the 50-day EMA could confirm a bullish reversal.
BOME Crypto Surged an impressive 17% yesterday indicating buyers comeback
The weighted sentiment curve spiked into a bullish territory indicating an improved sentiment.
The meme coins are getting a lot of attraction from the investors due to their appeal and innovative features. The increased investors enthusiasm towards the meme coin helped them to outperform blue chip cryptocurrencies like Bitcoin and Ethereum.
Book Of Meme (BOME) is another meme coin which has started gaining traction in the recent sessions. The crypto has surged over 13.6% a week and might add impressive returns to the portfolio of the investors if it succeeds to make a breakout.
Moreover, there has been a notable development in the weighted sentiment curve which further adds confirmation to a bullish scenario. BOME crypto ranks 96th in the cryptoverse with a live market capitalization of $702.53 Million.
Weighted Sentiment Spikes Into A Bullish Territory
While the price action reveals the crypto still into a bearish territory below the 50 day Exponential moving average. However the weighted sentiment curve has witnessed a notable shift into the bullish territory after the price soared nearly 17% yesterday.
As per the data obtained by a financial website app.santiment.net, there has been a rise in the positive sentiment due to which the weighted sentiment curve has reclaimed the bullish territory above the zero line. The improved sentiment might drive the BOME crypto price towards a positive side.
The weighted sentiment curve reflects the overall bias of the investors towards the crypto. A bullish weighted sentiment curve often reflects a positive change in the price.
Can BOME Mark An End To The Correction Phase?
While other meme tokens have delivered a significant amount of returns to their investors in the past three months. On the other hand, BOME has failed to deliver the same as it has been in a correction phase since April.
However, the bulls are attempting in the recent sessions which could mark the termination of a correction phase. The crypto has surged over 13% a week indicating buyers' comeback.
Moreover, the volume inflow has surged by 225.61% indicating strong rise in the demand that could trigger a breakout. On the higher side, the BOME crypto may resume a bullish trend if it surpasses the 50 day EMA.
Is Bome Ready For a Bullish Reversal?
Book Of Meme (BOME) crypto has seen a 13.6% increase over the past week, sparking interest among investors. Despite trading below the 50-day Exponential Moving Average (EMA), a 17% price jump has shifted weighted sentiment to the bullish side.
Moreover, BOME crypto lagged behind other meme coins in the past quarter. However the recent sessions suggest a potential end to its correction phase, with a 13% weekly surge and a 225.61% increase in volume inflow. A break above the 50-day EMA could confirm a bullish reversal.