The price of the BOME memecoin has seen a significant increase in the past week, recording a spike of up to 40 percent and is even predicted to increase by up to 100 percent in the near future.
The breakout from a key resistance level has traders optimistic that the meme coin's rise could continue. In addition, high activity on the Solana network has also strengthened positive sentiment in the crypto market.
BOME Memecoin Up 40 Percent in the Past Week. In the past few days, the BOME memecoin has shown a strong bullish trend, with its price recording a 40 percent increase in just one week, rising from US$0.006 to US$0.008.
This growth has sparked high interest among investors and traders, especially since memecoins have become a popular phenomenon in the crypto market. Such a price surge indicates strong interest from the market.
This positive momentum emerged after the BOME meme coin managed to break through an important resistance level that previously limited price movements.
Analysts note that the crypto asset has been able to maintain an upward trend for five consecutive days, opening up opportunities for further growth.
BOME Price Breaks Key Resistance, May Rise Up to 100 Percent
It can be seen that the BOME memecoin managed to break the resistance that was formed since early August. After failing to break through this level twice in late August and September, the breakout finally occurred with a high-volume green candle.
According to one of the leading crypto analysts, Alan Santana, revealed that there are important levels that must be reached to confirm a bullish signal.
"A daily close above 13-14 satoshis is critical to confirm the bullish bias," he said on Tradingview.
The breakout of this resistance level is considered a strong signal for further movement. After waiting for more than two months, the BOME price was finally able to break out of the consolidation pattern, which opened up space for growth of up to 100 percent or more.
He also pointed out the meme coin's short-term targets that could be achieved in the next few days if this momentum continues.
Memecoin BOME Shows Positive Signals Towards Green Zone
As one of the best performing memecoins this week, BOME is now in the demand zone marked in green on the chart.
According to another crypto analyst, AltCryptoTalk, to push the surge further, the meme coin must be able to break through its previous important high.
“To initiate the next bullish impulse, BOME needs to break the previous high marked in blue at $0.0096,” he said at X.
With this momentum, many hope that the bullish trend will continue and strengthen BOME's position in the memecoin market.
Solana Wallet Reaches Highest Activity Level Ever
In addition to the developments in the memecoin market, the Solana blockchain has seen a significant spike in activity. Recent data shows that the number of new addresses on the Solana network has reached an all-time high, with over 4 million active addresses.
This activity is believed to be an indicator that more users are starting to adopt the Solana network.
An increase in the number of active wallets usually indicates wider adoption and interest in a blockchain. This is a positive sign not only for Solana, but also for the crypto market as a whole.
With the combination of positive sentiment from the BOME memecoin and growth on the Solana network, market observers are optimistic that this momentum will continue through the end of the year.
However, they also reminded that high volatility in the crypto market, especially meme coins, requires good risk management for investors. Great opportunities always come with risks, and it is important for every trader to follow market developments closely.
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