Is It Making A Shift Amid Temporal Selling Relief
The post Is It Making A Shift Amid Temporal Selling Relief appeared on BitcoinEthereumNews.com.
BOME experiences a decline in value but still displays a bullish potential. RECQ presale has attracted the attention of investors, selling over 583 million tokens. RECQ considers security necessary and aims to hit the $100 million market cap upon launch. Book of MEME (BOME) is the latest Solana memecoin sensation, taking the market by storm thanks to its growth potential and sense of humor. Book of MEME, created as a parody of traditional banking, intends to disrupt the industry with its playful approach and creative use cases in the memecoin space. By utilizing blockchain technology’s power, BOME ensures that meme content is safely saved and available to everyone, independent of centralized authorities’ whims. Amidst an extended downward trend, the BOME exhibits encouraging indications of a bullish resurgence as demand rises in shorter timeframes, requiring clearing certain resistance levels to potentially resume the uptrend. The BOME price offers traders a chance to purchase at a discount, sparking speculation about the Solana memecoin’s capacity to navigate the present bearish market and possibly start a bullish trend. The Book of MEME token has experienced a notable downturn, with a 21% decrease in value. Still, recent bullish activity has caused a double-bottom reversal beginning at the $0.0095 level. The BOME price exhibits a double bottom reversal, breaking above the resistance trendline to signify the end of the correction phase and the regaining of the psychological level of $0.010. Since its launch a few weeks ago, the price of BOME has had difficulty establishing a consistent upward trend. The price rebounded towards the support zone below $0.009; despite continuing a steady advance, it could not break through the critical resistance at $0.015. This recovery points to a return of bullish momentum, which could raise price levels. The optimistic outlook is supported by the rising RSI…
Filed under: News - @ June 22, 2024 6:04 am