Will Book Of MEME (BOME) Be The Top Meme Coin Next Week?

The post Will Book Of MEME (BOME) Be The Top Meme Coin Next Week? appeared first on Coinpedia Fintech News

With a long-term bearish trend, the Book of MEME is ready for a bullish comeback with a demand surge in lower timeframes. For a bullish comeback, the meme coin must overcome multiple resistances and undermine them for an uptrend continuation.

In smaller timeframes, the BOME price signals a buying opportunity for the sideline traders at lower prices. So, will the meme coin survive the bearish market conditions for a bull run next week? 

Book of Meme Price Performance

With an intense pullback phase in motion, the Book of MEME token has been down 21% in the last seven days. However, with the bullish comeback in recent hours, the BOME token shows a double-bottom reversal from the $0.0095 mark. 

Tradingview

In the 1H chart, the BOME price shows the double bottom reversal breaking above the resistance trendline. The breakout brings an end of correction for the meme coin and reclaims the $0.010 psychological mark. 

Currently, the Book of MEME token price trades at $0.0106 and shows dominance above the 23.60% Fibonacci level. As the breakout rally gains momentum, the meme coin may shortly surpass overhead resistances. 

Technical Indicators:

MACD: The MACD and signal lines sustain a positive recovery, reflecting a boost in demand. 

EMA: The uptick in the 50 EMA with the breakout rally increases the chances of a comeback rally in the Book of MEME.

Will BOME Price Reach $0.012?

With high hopes of a trend reversal, the bullish breakout rally may soon gain momentum. Further, a recovery in the broader market can propel the Book of MEME coin price for a massive recovery. 

A breakout of the 50% Fibonacci level and the 200EMA in the 1H chart will signal a massive jump next week. Further, this will increase the golden crossover chances in the 1H chart. 

On the upside, the BOME price could reach $0.014 mark.