BOME (Book of Meme) Rallies 22% Today, Surpassing Dogecoin (DOGE) and Shiba Inu (SHIB)

BOME or Book of Meme rose over 22% on Monday, being one of the top gainers for the day. At the press time, the coin is trading at $0.01029, up over 13% as compared to same time last day.

Solana (SOL) based meme coin, Book of Meme (BOME) price soared over 22% on Monday, emerging as one of the top gainers for the day. At press time, the coin is trading at $0.01029, up over 13% compared to the same time last day.

notably, BOME has outperformed several prominent meme tokens, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE), thanks to its rapid growth.

Moreover, the trading volume for the token has surged by over 150%, currently standing at $293.97 million. This indicates a significant increase in interest and investment in BOME, as evident from the price and trading volume gains. Book of Meme has been in the green territory for a majority of the past week, showing a sustained uptrend. Hence, the rise now makes investors wonder if it will hit the essential $0.02 level in the future.

Will BOME Sol up in the future?

With the current growth, market participants are hopeful about BOME’s future trajectory. According to recent estimation, the price of BOOK OF MEME will increase by 225.99% and hit $ 0.033105 in the coming month.

Solana is going up so sol based meme coins are picking up some volume.

$BOME did nothing since it was launched on Binance and the chart is finally starting to look good.

The daily candle is a little extended now so i think it's late to buy here. i'll wait for the pullback… pic.twitter.com/9eZoyt3uoH

Other technical indicators suggest that the current sentiment for the coin is bullish, and the Fear & Greed Index is currently at 74 (Greed). During the previous 30 days, BOOK OF MEME recorded 16/30 (53%) green days and 9.46% price volatility.

According to technical analysis, there is a bullish overall sentiment regarding the price prediction of BOOK OF MEME, with 17 technical analysis indicators showing bullish signals and 2 showing bearish signals.

BOME to see bullish cues for the coming week

Most analytical parameters indicate that BOME is currently in a safe zone. The Relative Strength Index (RSI) and the 50-day Exponential Moving Average (50 EMA) for the coin are flashing bullish signs, which adds to the optimistic outlook. Currently, the 50 EMA is below the price, which is a classic indication of an uptrend. Meanwhile, the RSI is above 50, suggesting that traders are bullish.

BOME might find strong support at $0.01036 and any developing buying pressure could allow Book of Meme to continue its upward trajectory within the defined channel. Also, keeping an eye on the immediate resistance level at $0.01050 will be crucial, as a break above it could indicate further bullish momentum.

The above is the detailed content of BOME (Book of Meme) Rallies 22% Today, Surpassing Dogecoin (DOGE) and Shiba Inu (SHIB). For more information, please follow other related articles on the PHP Chinese website!