Cryptocurrency

Daily

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/book-of-meme-bome-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Book Of Meme</a> price has been repeatedly rejected at its resistance level of $0.0125, suggesting strong selling pressure at this point.</li>
 <li>On the daily chart, $BOME has been trading within a Triangle pattern for an extended period.</li>
 <li>The recent recovery rally has triggered a double-bottom reversal pattern, initiated from the $0.0081 level.</li>
 <li>However, the neckline for the reversal pattern stands at $0.012, and $BOME struggles to surpass the 50% Fibonacci retracement level.</li>
 <li>In the Daily timeframe, the EMA 50/200-day crossover indicates a bearish sentiment prevailing over the memecoin for the current week, suggesting a negative outlook.</li>
 <li>Additionally, the moving average exhibits a bearish curve, signaling further downward price action for BOME in the near future.</li>
 <li>The critical resistance level for BOME lies at $0.012, which will dictate its future trajectory. A breakout above this level could spark a rally targeting $0.023.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" class="f-link" rel="noopener noreferrer nofollow">Coingabbar analysis</a>, Conversely, if bearish sentiment persists, BOME might decline below $0.0099, potentially reaching $0.0086 by the end of the month.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $0.0125000-$0.0160000
SUPPORT LEVEL : $0.0090000-$0.0073000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing

BOME Price Prediction:Bull Trap or Correction on the Horizon

Coingabbar

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