Can BOME Replicate SHIB’s Previous Success?
The post Can BOME Replicate SHIB’s Previous Success? appeared on BitcoinEthereumNews.com.
Shiba Inu (SHIB) and Book of Meme (BOME) displayed a notable fractal pattern, suggesting potential parallels in market behavior. BOME could replicate SHIB’s success after breaking its descending trendline similar to SHIB in late 2020. At the time, it rallied over 1300% from the breakout point to its peak in early 2021. This surge not only captivated meme coin investors but also set a precedent for similar tokens. – Advertisement – As at press time, it was exhibiting a similar breakout pattern on its chart. This fractal resembled SHIB’s early movements indicating a possible replication of SHIB’s explosive rally. SHIB/WETH vs BOME/USDT chart | Source: Trading View If BOME follows in SHIB’s footsteps, the token could see a comparable exponential rise in its valuation. Potentially it would lead to a similar rally. The pattern analysis not only suggested BOME’s capacity for substantial growth but also emphasized on the cyclical nature of meme coins. – Advertisement – Past trends can often predict future movements, offering strategic insights for traders and investors alike. BOME’s 80% surge potential As BOME neared this critical level, the increase in trading volume suggested building momentum, indicative of rising trader interest. Recently, it broke through this resistance, signaling potential bullish momentum. If the crypto sustains above this zone, we could witness further surges possibly between 60% to 80%. The rally mirrored prior bullish breakouts in the meme coin sector. So it may replicate similar market movements, fueling investor enthusiasm for potential upcoming gains. #BOME is getting closer to strong resistance zone of in daily TF, strong break through could trigger unbiased bullish surge towards 60%-80% throwbacks, Volume rising as good momentum, keep an eye on✅$BOME #BOMEUSDT #memecoin pic.twitter.com/gtBoyI8XKX — CryptoBull_360 (@CryptoBull_360) November 13, 2024 The current market behavior of BOME, coupled with increasing volume, pointed to potential…
Filed under: News - @ November 15, 2024 1:26 pm