The BOME/USDT 4-hour chart shows BOOK OF MEME currently trading at $0.002120, down a significant 11.00%. After a peak around $0.003236 in mid-May, BOME has experienced a sharp decline, breaking well below the middle band of the Bollinger Bands (BOLL: 20, 2), which is at $0.002452. The RSI is very low at 24.48, indicating strongly oversold conditions.
Resistance is likely around the middle Bollinger Band and the previous highs. Support could be found near the lower Bollinger Band, currently around $0.001961, and potentially at the previous low around $0.001504. The strong downward momentum and deeply oversold RSI suggest a potential for a bounce, but the overall short-term trend remains bearish until it breaks above the middle Bollinger Band.
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