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The Book of Meme price surged 14% in the last 24 hours to trade at $0.01076 as of 3:20 a.m. EST on a 211% leap in trading volume to $264 million.
The resurgence in activity around BOME is also evident from its rising futures open interest, which surged 14% in the past seven days to $60.25 million.
Book Of Meme Price Spikes Above the Falling Channel
After a long period of declining prices, marked by a bearish wedge pattern, the popular meme coin Book of Meme (BOME) has begun to rebound.
BOME price bulls have regained momentum after a downturn, which saw the bears push the price down to the $0.008126 support zone. The double bottom formation has given the bulls the boost they needed to lift the price above the falling wedge.
BOMEUSD Analysis.(Source: Dextools.io)
Additionally, the BOME price has surged above the 50 Simple Moving Average (SMA), breaking out of the bearish channel. This shift in momentum indicates an upward trend, with bulls pushing the price higher in hopes of reaching a new all-time high.
A little push to the upside may push the price above the 200 SMA, which currently acts as a barrier to the price.
The Relative Strength Index (RSI) also reflects this uptrend, moving above the 50 midline level and retracing around the 70 overbought zone. Currently hovering around 67, the RSI suggests strong buying pressure. If momentum continues to increase, the RSI could move into the overbought zone above 70, signalling heightened buying interest and reinforcing BOME’s bullish outlook.
The MACD (Moving Average Convergence Divergence) indicator further confirms the bullish trend. The blue average line has crossed above the orange signal line at the neutral level, indicating a shift towards bullish momentum. Moreover, the histogram bars suggest negative momentum in price movement, supporting the bullish sentiment.
Book Of Meme Price Prediction: Bull Rally Ahead?
Despite a slight rebound, BOME seems ready to trade above the 200 SMA resistance. The bullish moving average has enabled the bulls to push the price back above the falling channel, aiming for the previous high of $0.01310. If they can break through this level, the bulls could propel the price to $0.01390 in the coming days.
However, the bears could regain control, causing the price to fall to the $0.01052 support zone, which aligns with the channel’s upper trendline. If this level is breached, the price could drop further to the $0.009859 support zone.
Pepe Unchained ($PEPU) Presale Nears $1.2 Million
Bullish sentiment around BOME is matched by sentiment towards the new presale Pepe Unchained ($PEPU), which is soaring towards $1.2 million in funds raised.
🚀 $1,000,000 raised! 🚀
The ultimate chain is broken. From here on, we’re taking it to the next level. Get ready for the ultimate Layer 2 this summer. 🐸⛓️🧠 pic.twitter.com/tS2JSi8rHq
— Pepe Unchained (@pepe_unchained) June 27, 2024
Pepe Unchained is launching its own Layer 2 network, offering incredible speed, scalability, and much lower fees as it brings PEPE derivative tokens into the modern era.
This dedicated network will enable transaction speeds 100 times faster than most meme coins on Ethereum.
Who’s ready for the next stage of Pepe’s adventure? 🚀
A new dimension of Pepe has been unlocked! Join Pepe's Layer 2 now and experience the future. 🐸🧠 pic.twitter.com/8NGeDIdXUg
— Pepe Unchained (@pepe_unchained) June 26, 2024
The team behind Pepe Unchained is also offering generous rewards for early buyers. Those joining the current presale can purchase the meme coin and take advantage of a staking opportunity that offers a 1,650% Annual Percentage Yield (APY).
Popular Crypto YouTuber Jacob Bury says Pepe Unchained could be the next 10X PEPE derivative.
PEPU tokens are currently priced at $0.0081288. But with a price hike scheduled in less than two days, buy soon to secure the best deal.
Buy PEPU on the official website here using ETH, USDT, BNB, or a bank card.
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