• BOME's price rose to $0.002271, achieving a weekly gain of 23.20%
• The market cap reached $156.52 million with an impressive trading volume of $181.89 million in 24 hours
• The price chart shows a continuous rise from August 20 to 23, confirming BOME's ranking as the best performer on the Binance platform
Growth factors
• Technical indicators suggest sustained momentum above key support levels
• On-chain activities and trading speculation have increased, boosting price movement
• Market volatility redirects capital towards high-potential altcoins like BOME
• Increasing institutional and individual growth indicates the expansion of market capitalization
Trading strategy
• Monitor the critical support zone ($0.001859 - $0.002094) for potential entry points
• Pay attention to breaking the resistance level of $0.002400 for higher gains
• Consider taking strategic profits near expected targets while maintaining tight stop-loss orders
• Watch the Fibonacci retracement levels from the recent high for reversal or continuation signals
Market forecast
• Community sentiment remains cautiously positive with a focus on BOME's 'clean' technical structure
• September forecasts indicate continued momentum if current volume levels persist
• Match multiple signals and apply disciplined risk management given the rapid rise of the token
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