Book Of Meme Price Prediction: BOME Soars 18% Amid Meme Coin Supercycle Debate As Pepe Unchained Barrels Towards $20M In Presale
Release: 2024/10/15 23:24 Reading: 268
Surge in Book Of Meme Price Fueled by Bullish Momentum
The price of Book Of Meme has skyrocketed 18% within the past 24 hours, currently trading at 0.01037 as of 6:45 a.m. EST. This surge is attributed to a 25% increase in trading volume, reaching $1.13 billion.
Rally Sparks Speculation of Meme Coin Supercycle
The recent price spike has ignited discussions about the potential for a supercycle in meme coins.
Book Of Meme Breaks Resistance with Bullish Technical Indicators
The BOME/USD pair exhibits a strong uptrend driven by a rounded bottom pattern, indicating a bullish reversal. The neckline, initially a resistance level at $0.008012, was breached, leading to a significant upward surge.
The 50-period SMA has crossed above the 200-period SMA, forming a "golden cross," which further supports the upward momentum. The price has since corrected slightly by 2.35% to $0.01044, but the overall bias remains bullish.
Technical Analysis Supports Further Upswing
The MACD indicator signals an upward momentum with a bullish crossover. The histogram displays strong buying pressure. The Relative Strength Index (RSI) is at 77.99, indicating overbought territory. This suggests the potential for a brief pullback or consolidation before the price continues its ascent.
The price remains above both the 50-day and 200-day moving averages, providing further support for the continuing uptrend. Support levels at $0.00719040 (50 SMA) and $0.00681869 (200 SMA) bolster the bullish sentiment.
Pepe Unchained Presale Breaks $19 Million Amidst Meme Coin Hype
As the Book of Meme price rallies, the layer 2 meme coin Pepe Unchained (PEPU) has raised over $19.7 million in its presale. Pepe Unchained is designed to be an upgraded version of the popular meme coin Pepe (PEPE), utilizing its own layer 2 blockchain called Pepe Chain.
Pepe Chain offers faster and more cost-efficient transactions compared to Ethereum, while maintaining compatibility with existing decentralized applications (dApps).
Pepe Unchained has launched a developer grant program called "Frens with Benefits" to support ecosystem growth. Investors can stake $PEPU tokens for an annual return of 112%.
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