Rally

Reversal

MEME

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The post <a href="https://coinpedia.org/price-analysis/bome-and-meme-coin-offer-reversal-entry-with-breakout-chances/" rel="noopener noreferrer nofollow">BOME and Meme Coin Offer Reversal Entry With Breakout Chances&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
As the broader market conditions are as volatile as ever, the bullish trend in the meme coins is taking a hit. However, low-cap meme coins like BOME and MEME display a possibility for a turnaround from crucial support.&nbsp;
With the turnaround momentum and breakout chances, will these low-cap meme coins lead to a bull run next week?&nbsp;
<h2 class="wp-block-heading" id="h-bome-reversal-at-0-00882-nbsp">BOME Reversal At $0.00882&nbsp;</h2>
With a morning star pattern at $0.0082, the BOME price trend showcases a positive cycle chance in the daily chart. The Book of MEME coin showed a price jump of 5.42% last night at the crucial support level.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfY3G3_bSWv6E64sV3kDBf3gbuVhGDHuYj4z7SFncXVhAFDzRMlr5ltooMoxrMD00z66wPRa9VVj11Ue3u1yJCME7wTWM9qg_dwTghTTAldLXNtCqEYauu2-urusR67x3k_iK6NOgdKzVv4lw4ch_cyckCs?key=HbcfSLB6pLs5wXqPZPEuAw" alt="">
</figure>
<a href="https://www.tradingview.com/x/zTzZyET5/" rel="noopener noreferrer nofollow">TradingView</a>
Furthermore, the BOME price daily chart shows a declining trend, forming a resistance trendline. This bearish phase forms a declining triangle pattern, keeping the bullish growth under check.&nbsp;
Currently, the meme coin trades at a $0.0087 price with an intraday pullback of 1.55%, reflecting an intraday weakness. However, the daily RSI line shows a bullish divergence in the last few dips at the $0.0082 mark.&nbsp;
Optimistically, a reversal rally can reach the overhead resistance trendline by surpassing the $0.010 mark. A trendline breakout rally can reach the $0.0188 mark.&nbsp;
<h2 class="wp-block-heading" id="h-meme-coin-price-breakout-rally-eyes-0-025">MEME Coin Price Breakout Rally Eyes $0.025</h2>
With a bearish trend in motion, the MEME coin price action shows a falling wedge in the daily chart. The falling wedge pattern is seen in multiple altcoins in the current market condition, suggesting a pullback phase. However, the recent jump overnight teases a positive cycle within the pattern.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfDRmzBctxgg1CSIN-unxM_8kN0CV286ZS7pxDKL3F_K15-FkdDFe44N2NA1TwoFfgj_T4A7hEKDApiIg8J88eH8ggF6-9wKLLp0OKi4WQL5C27a5DrFr0V5tZulR4WAVRHgdE3vVb-FZm6LNApMYyvkQAP?key=HbcfSLB6pLs5wXqPZPEuAw" alt="">
</figure>
<a href="https://www.tradingview.com/x/w5K4OtU4/" rel="noopener noreferrer nofollow">TradingView</a>
Currently, the MEME price trades at $0.01943 with an intraday drop of 1.86%, following the 7.58% jump last night. The overnight jump formed a morning star pattern at the crucial support trendline, revealing strong reversal chances.&nbsp;
Considering the reversal momentum sustains, the meme coin price can challenge the overhead trendline near $0.025.&nbsp;&nbsp;Further, a bullish breakout rally can result in a price jump to the $0.050 psychological milestone.

BOME and Meme Coin Offer Reversal Entry With Breakout Chances

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