Plunge

Memecoin

BOOK OF MEME

MEME

The post <a href="https://coinpedia.org/price-analysis/book-of-meme-bome-price-prediction-bome-memecoin-to-plunge-20-soon/" rel="noopener noreferrer nofollow">BOOK OF MEME (BOME) Price Prediction: BOME Memecoin To Plunge 20% Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The crypto market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin price</a>, continues hovering close to the $62,500 mark, resulting in top memecoins such as Dogecoin, Shiba Inu, and PEPE recording a notable correction in their respective portfolios since the start of this week.
On the other hand, the network congestion on the Solana Network has turned out to be a major issue for its blockchain, resulting in the Solana-based memecoins having the highest impact with the BOME price recording a correction of approximately 10% within the past day.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/M7t6sERvgQHtvQjaROre-zYvissZkZ91_s4F8wBF4u0p5V2RtB-C9eK1U7SnrPPgFWhTvrUAW8GnyTT6GJOOR1QjFP9r7X2Pj6TwlNM_aK6Nv7surCIh-saGEoFhlO1xs5H16koiFUe-9Rl1Ui8NAWw" alt="BOME Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BOME/USDT
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</figure>
Moreover, the Book Of Meme price has faced repeated rejection at its resistance level of $0.0123, indicating a strong liquidation for this memecoin at that point.
The Cross EMA 50/200-day records a strong bearish price sentiment in the 1D time frame with the EMA 50-day displaying a bearish convergence, highlighting a negative outlook for this memecoin this week.
The technical indicator, RSI, shows a significant decline in the chart, highlighting an increase in the selling-over-buying pressure in the crypto space. Furthermore, the average shows a bearish curve, indicating a negative price action for the <a href="https://markets.coinpedia.org/book-of-meme/" rel="noopener noreferrer nofollow">BOME price</a> in the coming time.
<h2 class="wp-block-heading" id="h-will-bome-price-go-up">Will BOME Price Go Up?</h2>
If the market experiences a bullish reversal, the BOME price will retest its resistance level of $0.011060 this week. Moreover, if the bulls hold the price at that point, the memecoin will prepare to test its upper resistance level of $0.0123 during the upcoming week.
Negatively, if the bears continue to overpower the bulls, the price will trade under a bearish influence and test its support level of $0.0099. Furthermore, if the market sentiment continues to be bearish, this memecoin will plunge toward its lower support level of $0.0086 this month.

BOOK OF MEME (BOME) Price Prediction: BOME Memecoin To Plunge 20% Soon?

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