#BOME Price Prediction đđ
On the 1-hour BOME/USDT chart using TradingView, bulls seemed ready to help the price retest $0.0264. At press time, sellers seem to have been exhausted at $0.0178. Consequently, bulls took advantage of the fatigue and revered the trend upwards.
However, in the build up to $0.0264, BOME might encounter an overhead resistance at $0.0226. A successful breach of this resistance might send the token to $0.030. But if the token experiences rejection at this level, the price might reverse below $0.020.
Furthermore, the Bollinger Bands (BB) showed that volatility around the cryptocurrency remained extreme. A bullish scenario with this kind of volatility might produce another 5x for the meme coin.
In a highly bearish condition, the price of BOME might plunge back to $0.0178. Meanwhile, the Relative Strength Index (RSI) remained above the neutral zone. This indicates that the token still had some bullish momentum left despite the selling pressure it recently experienced.Â
Despite the recent drawdown, BOOK OF MEMES has remained a top 100 cryptocurrency. At press time, it was ranked number 97 with a market cap of $1.01 billion. The meme coin is the third Solana-based token to rise into the top 100 after Bonk (BONK) and dogwifhat (WIF).
However, both WIF and BONK have experienced major nosedives lately as it seems liquidity from there moved to BOME. In the last 24 hours, WIFâs price decreased by 12.92%. BONK, on the other hand, lost 19.72% of its value.Â
