Plunge

dogwifhat

BOOK OF MEME

MEME

The post <a href="https://coinpedia.org/price-analysis/dogwifhat-wif-and-book-of-meme-bome-memecoins-plunge-despite-bullish-influence-whats-next/">Dogwifhat (WIF) And BOOK OF MEME (BOME) Memecoins Plunge Despite Bullish Influence! What’s Next?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto market continues to record increased price action, resulting in the top crypto tokens experiencing a significant rise in their respective portfolios. Furthermore, the market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">BTC price</a>, holds its price above the $66K mark, suggesting a positive outlook for these tokens in the coming time. 
However, the Solana-based memecoins display a bearish influence, indicating a decrease in the buying price sentiment in the crypto space. Moreover, the dogwifhat (WIF) price and BOOK OF MEME (BOME) price have lost 4.51% and 8.21% in their respective portfolios within the past day. 
<h2 class="wp-block-heading" id="dogwifhat-wif-price-records-a-death-cross">dogwifhat (WIF) Price Records A Death Cross:</h2> 
Despite increased price volatility in the crypto space, the <a href="https://coinpedia.org/price-prediction/dogwifhat-wif-price-prediction/">WIF price</a> continues to display a neutral trend by trading in a closed range between $2.7775 and $3.0150. Furthermore, the memecoin has lost over 10% within the past week, indicating increased bearish sentiment for the dogwifhat token. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/iNPJlycGcDv9Nq2gqIBqIk2lywLL1W5WwW6bLMdVsq9LkarZjbXrnKmnBeu2fPFkrB7-qfIAE3Tf3oFRpT-bCz8DZGr4d_nyx2GGQ6Raqwnx007KFTpINNEAVLTJeWOmhGddr5WSGDFmZS6oung0LWI" alt="BOME Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BOME/USDT
 </figcaption>
</figure> 
The Cross EMA 50/200-day displays a Death Cross in the 4H time frame, indicating a high possibility of a bearish price action for the <a href="https://markets.coinpedia.org/dogwifhat/">dogwifhat token</a> during the upcoming week. 
The technical indicator, MACD, shows a constant decline in the red histogram, highlighting increased bullish sentiment in the crypto space. Furthermore, the averages display a high possibility of bullish price action in the coming time. 
If the market continues to trade under a bullish influence, the WIF price will test its resistance level of $3. However, bearish price action may result in the dogwifhat price falling toward its crucial support level of $2.7775 this month. 
<h2 class="wp-block-heading" id="bome-token-displays-increased-price-volatility">BOME Token Displays Increased Price Volatility:</h2> 
The <a href="https://markets.coinpedia.org/book-of-meme/">BOME price</a> follows in the footsteps of the category leaders and displays a similar trend by recording a neutral trend over the past week. Further, the trading volume of this memecoin has dropped over 30.5% to $579.52 Million over the past day, indicating a negative outlook for it during the upcoming week. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/cmyzRv1LKOCheiJtvE3VYMqGu3v1gOGh-E6RwlcnNzD7rFkyEw08ekleL0HW7gOCjqPSXxYG9S1NuJEFas32NMVc3y__AdWpdq_kMqTq_tU_vBk0qRHVGoinvyPoukQC1Ez0uB4wZI_fRpLXw7UlEGk" alt="BOME Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BOME/USDT
 </figcaption>
</figure> 
The Simple Moving Average (SMA) acts as a resistance to the price action, indicating a strong bearish influence for this memecoin. On the other hand, the Relative Strength Index (RSI) displays a bullish crossover in the chart, highlighting a mixed sentiment for BOME memecoin in the crypto market. 
If the market regains momentum, the BOME price will test its resistance level of $0.0123 during the upcoming week. Conversely, if the bears overpower the bulls, the price will lose momentum and fall toward its support level of $0.01125 this month.

Dogwifhat (WIF) And BOOK OF MEME (BOME) Memecoins Plunge Despite Bullish Influence! What’s Next?

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