The Price of BOME Is Rising, But Don’t Sell Yet
Journalists
- BOME experienced a price increase in the last 24 hours.
- The token’s sentiment and social volume decreased.
Although the memecoin industry grew in the past, tokens like BOOK OF MEME (#19459026) were ignored as BODEN[#19459027]continued to gain attention.
Where is BOME headed next?
BOME has experienced significant growth in the last 24 hours. The token has struggled to break out of its bearish trend despite the bullish momentum.
BOME’s pattern since testing the $0.0252 on March 17 indicates a challenging environment for the memecoin.
There is a possibility that BOME could reverse direction if it manages to reach the $0.0128 level. The token could then target $0.0183.
During the period, the Relative Strength Index jumped to 57.08, indicating an increase in buying pressure without being overbought.
In addition, the Chaikin Money Flow (CMF), which measures the amount of money flowing into memecoin, increased to 0.17. This indicates a larger amount of money flowing into the coin.
Trading View
Over the past few days, social volume has increased, reflecting increased interest and engagement in the community. This increase in traffic reflects increasing interest in BOME and its growth potential.
However, despite the increased activity, weighted sentiment declined during this time, with more negative comments than positive ones. This change in sentiment may negatively impact investor confidence, market momentum, and BOME’s future price movement.
Santiment
Traders bleeding
BOME has experienced $575,000 in liquidations on long positions in the last 24 hours. This signals market volatility and possible risk exposure.
Read [BOME] Book of MEME price prediction for 2024–25.
Interestingly, traders’ behavior has changed. Long positions have increased while short positions have decreased.
This indicates a change in investor and market sentiment, with a more optimistic forecast. Despite the liquidations, bulls still had faith in Memecoin.
Coinglass
