Book Of Meme Price Prediction: BOME Plunges 15% As This Meme Coin Rival Closes On $20 Million In Presale
Release: 2024/10/16 17:54 Reading: 853
The Book of Meme Plunges 15% in 24 Hours
Over the past 24 hours, the value of The Book of Meme (BOME) has plummeted 15%, dropping to $0.009274 as of 11:28 p.m. EST. Investors continue to liquidate their holdings in the meme coin.
Despite this sharp decline, BOME's price remains 43% higher than it was seven days ago.
Technical Sell Signal Emerges for BOME
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The BOME/USD price chart over the past four hours reveals that the token has lost support at the $0.009375 level. Failure to regain this support could result in a further decline to $0.008388 in the near term.
On the other hand, if BOME can reclaim the $0.009375 support, it may attempt to flip the $0.010465 resistance level into support. A breach of this barrier could potentially lead BOME to $0.011452.
Indicators Point to Potential Continued Decline
Technical indicators on BOME's four-hour chart suggest that the coin's price may continue to fall in the next trading day.
- Moving Average Convergence Divergence (MACD): A bearish signal has been triggered, indicating the potential for a negative trend.
- Relative Strength Index (RSI): The RSI is trending downward towards 50, suggesting that sellers may be gaining control.
Pepe Unchained: A New Meme Coin on the Horizon
Amidst the concerns surrounding BOME, investors may consider the presale of another meme coin, Layer 2 Pepe Unchained (PEPU).
- Dedicated Layer 2 Blockchain: PEPU operates on its own Layer 2 blockchain, offering increased transaction speeds and reduced fees compared to Ethereum.
- High Utility: PEPU is developing a developer grant program to encourage the creation of decentralized applications on its network, enhancing its utility.
- Bullish Outlook: Analysts, including ClayBro, have expressed optimism about PEPU's potential, comparing it to PEPE, the third largest meme coin.
Presale Nears $20 Million Mark
PEPU's presale has garnered significant attention, with investors contributing nearly $20 million. Notably, whale investors have made several recent purchases.
- Attractive Rewards: PEPU offers a 112% annual staking yield, incentivizing holders to purchase and stake the token.
Interested investors can participate in the presale by visiting the PEPU website. PEPU can be purchased using ETH, USDT, BNB, or bank card.
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