MEME

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The post <a href="https://coinpedia.org/price-analysis/will-book-of-meme-bome-be-the-top-meme-coin-next-week/" rel="noopener noreferrer nofollow">Will Book Of MEME (BOME) Be The Top Meme Coin Next Week?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With a long-term bearish trend, the Book of MEME is ready for a bullish comeback with a demand surge in lower timeframes. For a bullish comeback, the meme coin must overcome multiple resistances and undermine them for an uptrend continuation.
In smaller timeframes, the BOME price signals a buying opportunity for the sideline traders at lower prices. So, will the meme coin survive the bearish market conditions for a bull run next week?&nbsp;
<h2 class="wp-block-heading" id="h-book-of-meme-price-performance">Book of Meme Price Performance</h2>
With an intense pullback phase in motion, the Book of MEME token has been down 21% in the last seven days. However, with the bullish comeback in recent hours, the BOME token shows a double-bottom reversal from the $0.0095 mark.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd1ECry7TpOXAReRGhgTiuGMBXtJBCuOpPc3yI-Q1Mb_JQXhKT9tDmutClaMKFaxV5DnwJwirsqZrSnKLT0dtQYXyl_JpQjLeVXoskiKc-eL3zpalpXDSZQbOr4_Y77YejyKWPVmxYwlVEdu6Rh6csU2CwB?key=QkX9rnkRccUm5Cy-UdiTuA" alt="">
</figure>
<a href="https://www.tradingview.com/x/cCKah0Kr/" rel="noopener noreferrer nofollow">Tradingview</a>
In the 1H chart, the BOME price shows the double bottom reversal breaking above the resistance trendline. The breakout brings an end of correction for the meme coin and reclaims the $0.010 psychological mark.&nbsp;
Currently, the Book of MEME token price trades at $0.0106 and shows dominance above the 23.60% Fibonacci level. As the breakout rally gains momentum, the meme coin may shortly surpass overhead resistances.&nbsp;
Technical Indicators:
MACD: The MACD and signal lines sustain a positive recovery, reflecting a boost in demand.&nbsp;
EMA: The uptick in the 50 EMA with the breakout rally increases the chances of a comeback rally in the Book of MEME.
<h2 class="wp-block-heading" id="h-will-bome-price-reach-0-012">Will BOME Price Reach $0.012?</h2>
With high hopes of a trend reversal, the bullish breakout rally may soon gain momentum. Further, a recovery in the broader market can propel the Book of MEME coin price for a massive recovery.&nbsp;
A breakout of the 50% Fibonacci level and the 200EMA in the 1H chart will signal a massive jump next week. Further, this will increase the golden crossover chances in the 1H chart.&nbsp;
On the upside, the BOME price could reach $0.014 mark.

Will Book Of MEME (BOME) Be The Top Meme Coin Next Week?

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