Home
News
- 1 The BOME price is trading below the key moving averages, showcasing bearishness.
- 2 Book Of MEME Crypto price is trading in a downward trend, suggesting the seller’s presence.
Welcome to the BOOK OF MEME initiative: a pioneering venture set to transform the web3 landscape by integrating the vibrancy of memes with the robustness of decentralized storage alongside the thrill of speculative cryptocurrency trading and wagering. This project aspires to capture the dynamic essence of meme culture in a perpetual anthology, the
BOOK OF MEME, anchored indelibly on the blockchain. Leveraging the $BOME memecoin within the Solana ecosystem and utilizing Arweave and IPFS for the foundational storage of the Book Of Meme—with prospective extensions to Bitcoin inscriptions for eternal preservation—this endeavor seeks to carve out an unprecedented niche in decentralized social networking, ensuring the perpetuity of memes.
BOME Crypto Price VS Volume Analysis
The graph shows that volume and price sentiment indicates a decline in trading volume as well as a reduction in price over the past few days. The price has experienced a significant decrease in recent days, which leads to the expectation of a further decline.
BOME Crypto Social Dominance vs Social Volume
Based on the social dominance and social volume graph, the social dominance and social volume have been decreasing for the last few months, which has negatively impacted the price. Moreover, the momentum of the BOME price may depend upon the change in social dominance and volume dominance.
Technical Analysis of BOME Crypto Price
BOME by
The BOME price prediction suggests that the crypto is presently moving in a downtrend. The price is trading below the critical EMAs on the daily time frame. The volume declined slightly, which indicates that there is a fall in buying and selling activity.
If the price gains buyers’ support at the present level, a surge can be seen near the price of $0.012844 within the next few weeks, whereas the immediate support level for the token is around $0.008773.
The buyers have an adequate probability of attaining the expected target if they can sustain the price above the current levels, putting the anticipated outcomes in the bulls’ favor. However, if the price goes down, it may go further down.
BOME’s crypto price has been on a bearish trend, and consistent support from the trendline has been found after a breakdown.
The current trading value of BOME crypto (USD: BOME) is below the 50 and 20-day daily moving averages (DMAs), which does not favor the price momentum. However, if the buying volume increases, there is a possibility that the price will gain bullish momentum and reach new highs. Therefore, the daily time frame chart indicates that the BOME price will likely move upward with a bullish view.
Summary
According to BOME price prediction, the crypto is currently in a downtrend and trading below the critical EMAs on the daily time frame. The volume has declined slightly, indicating a fall in buying and selling activity. If the price gains buyers’ support at the present level, a surge near the price of $0.012844 within the next few weeks can be seen. The current trading value of BOME crypto (USD: BOME) is below the 50 and 20-day daily moving averages (DMAs), which does not favor the price momentum. However, if the buying volume increases, there is a possibility that the price will gain bullish momentum and reach new highs.
Technical Levels
Support Levels: $0.008773.
Resistance Levels: $0.012844.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
