BOOK OF MEME (BOME) Price Analysis

The BOME price in the short term maintained a horizontal consolidation within a predetermined range. The sluggish behaviour drained out the bullish strength, resulting in a price drain below the support. Meanwhile, the token triggered a strong rebound after fighting the bearish heat, resulting in a notable rise from the local bottoms. The price is yet to enter the bullish range, which is believed to attract some buying pressure, much required for an ascending continuation.

The short-term price action of BOME suggests the price has marked the local bottom and is preparing for a strong recovery. The stochastic RSI has triggered a bullish divergence while the MACD shows a drop in the selling volume. Moreover, the levels are about to undergo a bullish crossover, which could validate a rise above the bearish influence. Therefore, the BOME price is believed to enter the horizontal consolidation and reclaim the lost levels around $0.0021. $BOME