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Is BOME The Next Meme-Gem? Let's DecodeIs BOME The Next Meme-Gem? Let's Decode In the top three list, BOME hangs second with a 21.70% surge in the past week; it holds 89th rank in terms of market cap. It has an enormous potential for the next meme to be crowned as the ace of the memes. It has a surprisingly huge market cap of $761.988 Million and an unprecedented volume inflow on the spot, which amounted to $398.003 Million, over significant trading platforms in 24 hours. Its liquidity is sub-par and mindblowing at 52.22%, per the volume-to-market cap ratio of 24 hours. The technical indicators on the daily chart suggest bullish momentum to persist in the upcoming sessions ahead; in the past 24 hours, the price advanced 9% on the daily chart. The BOME price structure has started to rise following an upward trendline. Therefore, resistance is at $0.0140 and $0.0160, respectively. However, the support for the flip scenario is at $0.0096 and $0.0080, respectively.
CRYPTO:BOMEUSDLong
by Sam_TCR
BOOK OF MEME (BOME)BOOK OF MEME (BOME) BOME crypto was up over 4.12% in intraday adding to a total of 7.64% rise in a week. The price action analysis reveals that BOME crypto had been in a correction phase for the last few weeks. However, the bulls have started gathering near the lows which is evident from a consolidation at the lows. Currently, BOME crypto is struggling to surpass the 50 day EMA in order to reclaim a bullish territory. It has a live market capitalization of $677.1 Million and ranks 95th in the cryptoverse. The transaction volume has dropped by 28.8% to $86.88 Million a day. Moreover, the volume to market cap ratio was 12.64% indicating mild volatility in the crypto.
CRYPTO:BOMEUSDLong
by Ritika_TCR
1
Can BOME Crypto Mark A Bullish Reversal Amid Improved SentimentsCan 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.
CRYPTO:BOMEUSDLong
by Ritika_TCR
garnered whopping 233.90% gainsThe BOOK OF MEME (BOME) showed a rise from the strong support of $0.008100, with a 16.58% growth this week and a 14.30% surge in intraday; the BOME has traded at $0.01039. It has garnered whopping 233.90% gains in voume that amounted to whopping $215.40 Million. Its liquidity looks pretty good and looks riped for future gains to come. Supported by dynamic support of the 20-day EMA band on the daily chart, technical oscillators represented the increase in BOME. MACD showed a growing histogram at 0.000211, followed by a bullish cross and RSI recovery from 30 to the press time at $50.95.
CRYPTO:BOMEUSDLong
by Sam_TCR
Book Of Meme Price Prediction: Can BOME Be A Good Pick For June?Book Of Meme Price Prediction: Can BOME Be A Good Pick For June? Book of Meme Crypto was currently trading at a value that is 53% below its all-time high, reached two months prior. The volume-to-market cap ratio stands at 45.7%, indicating a heightened level of volatility in the cryptocurrency's market activity. BOOK OF MEME represents an innovative venture set to transform web3 culture by integrating memes, decentralized storage, and speculative cryptocurrency trading and betting. This initiative aims to capture the dynamic essence of meme culture in a digital anthology, the BOOK OF MEME, preserving each entry permanently on the blockchain. Moreover, the BOME crypto has been bullish in the recent sessions recuperating from its previous downturns and is on a trajectory to reach its all-time high once again. The price has been fluctuating within a notable channel pattern, leading to rapid intraday increases. Book Of Meme Crypto Volume Analysis. BOOK OF MEME price was hovering close to $0.012833 in intraday, with a 24-hour volume of $581.12 million. Moreover, it has a market capitalization of $885.06 million, and a market share of 0.03%. The volume analysis shows that the daily volume decreased by about 6% from the previous day. The volume-to-market cap ratio stood at 45.77, indicating a relatively stable market with high volatility. BOOK OF MEME's peak trading value was on March 16, 2024, reaching an all-time high of $0.026886. Its lowest recorded price was on March 14, 2024, at $0.00005880. Since reaching its all-time high, the lowest price point was $0.007192 (cycle low), and the highest price following that low was $0.014084 (cycle high). Can BOME Crypto Reclaim All Time High? From a technical perspective, the BOME crypto has been consistently trading above the crucial 20-day and 50-day exponential moving averages, indicating a positive trend. Additionally, the daily chart displays a rising channel pattern, suggesting that if the price breaks through the upper boundary, it could potentially reach its all-time high of $0.00719. At the time of writing, the Relative Strength Index (RSI) was positioned above 58.4, while the Simple Moving Average (SMA) was at 56.19. The occurrence of a bullish crossover between these lines further reinforces the optimistic outlook for the cryptocurrency's future performance. Conclusion. BOOK OF MEME (BOME) is a pioneering project blending memes with decentralized storage and crypto trading. The short term trend outlook is positive with the bulls aiming to surpass its all-time high. The price currently hovers close to $0.012833 with a market cap of $885.06 million. Despite a 6% drop in daily volume, the market remains volatile. Moreover, BOME's price peaked at $0.026886 on March 16, 2024, and its lowest was $0.00005880 on March 14, 2024. From a technical point of view, the price hovers above the 20-day and 50-day EMAs, with a rising channel pattern and a bullish RSI and SMA crossover, suggesting a continued positive momentum.
CRYPTO:BOMEUSDLong
by Ritika_TCR
1
Book Of Meme Price Prediction: Can BOME Reclaim ATH? The Book Of Meme Price has surged nearly 34% in the last week showing resilience. The BOME crypto was trading close to $0.011, recording a positive development of 2.16% in Intraday. Book of Meme (BOME) might emerge as one such contender if Investors are looking for potential winners following the recent conclusion of the Bitcoin halving. BOME is a Solana-based meme coin that is currently trading at $0.01001. Although it has experienced minor fluctuations in the past day and week, it has seen an impressive surge of 917.24% since its inception. As the market buzzes with speculations, investors are apprehensive about whether BOME will continue to provide impressive returns or lose the gains. Let's delve into further details to understand the potential of Book of Meme crypto in the upcoming sessions. Book Of Meme Price Shows Resilience After A Significant Jump This Week! BOME's price today stands at $0.01001, having experienced a positive development of 2.16% within the past day. Over the past week, the memecoin faced selling pressure, with its value dropping by nearly 40%. However, This week, the bulls made a comeback at the lower levels and BONk has managed to recover nearly 75% of the losses incurred in the last week. Despite these short-term fluctuations, the overall trend remains largely positive, with a surge of 917.24% since its inception. This indicates BOME's potential and resilience. According to CoinMarketCap, BOME is currently the 120th largest cryptocurrency, with a market capitalization of $620.59 million. Out of a total supply of 69 billion BOME tokens, 55.2 billion tokens are currently in circulation. Although trading volume has decreased by 24.28% within the past 24 hours, BOME still maintains a healthy volume-to-market cap ratio of 44.26%. This suggests sustained interest and liquidity. Book Of Meme Price Technical Outlook. The RSI for BOME is at 53.98, indicating strong buying interest among users. Additionally, the SMA at 51.96 points has formed a bullish crossover with the RSI. This is often a sign of continued upward momentum in the absence of bearish signals. In March, The higher RSI values led to a significant price correction. However, recent buying growth suggests that BOME's current RSI level could indicate sustained buying pressure rather than an imminent reversal. Conclusion. Book of Meme (BOME) is a Solana-based meme coin that has gained 917.24% since its inception. The crypto is currently trading at $0.01001, with a market capitalization of $620.59 million and 55.2 billion tokens in circulation. Despite short-term fluctuations, the overall trend remains positive, indicating BOME's potential and resilience. The RSI for BOME is at 53.98, indicating strong buying interest among users, and the SMA has formed a bullish crossover with the RSI, suggesting continued upward momentum in the absence of bearish signals. Technical levels: Support levels: $0.0078 and $0.0015 Resistance levels: $0.0148 and $0.020 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:BOMEUSDLong
by Ritika_TCR