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The Book Of Meme price rose 40% in the last 24 hours to trade at $0.01579 as of 00:40 a.m. EST on trading volume that surged 71% to $1.7 billion.
This comes as the meme coin market rebounds with a 3.4% rise to $55.17 in billion market cap.
Book Of Meme Price Set To Continue Its Breakout
The Book Of Meme price bulls have initiated a breakout aimed at propelling the BOME price back to an all-time high (ATH) of $0.02689, which was recorded on March 16.
BOME is trading well above the 50-day Simple Moving Average, which is confirmation of the sustained bullish momentum to the upside.
Additionally, the Relative Strength Index (RSI) is rebounding from the midline level to trade at 70, showing intense buying pressure. If the bulls sustain the momentum, the RSI may soar to continue trading above the 70-overbought region, showing increased investor optimism.
The Moving Average Convergence Divergence (MACD) reinforces bullish sentiments, with the blue moving average line trading above the orange signal line, indicating a bullish crossover. This crossover often prompts retail investors to add more, anticipating further price increases.
Moreover, the green bars on the histogram indicate that BOME is currently on a positive trend. The Average Directional Index (ADX) also supports this trend, currently at 33, which shows that BOME is currently on a very strong bullish trend as the ADX moves to the north.
Book Of Meme Price Prediction
The Book Of Meme price indicates a bullish bias, as the bulls aim to sustain the price over the bullish pennant, as they target $0.018. The bulls are aiming to use the MACD as an encouragement to add to their buys, which may likely catapult the price.
However, the RSI is already crossing the 70-overbought region, which may indicate an incoming price correction. If a correction occurs, the BOME price will go through a retrace back to $0.01239, which coincides with the 50-day SMA, below the lower boundary of the pennant.
Meanwhile, if you missed the BOME surge, you may want to consider SPONGE V2, which Cryptonews says has the potential to soar a further 100X.
Sponge V2: Best Opportunity With 100X Possible Returns
If you missed $SPONGE’s 100X surge last year in a bear market, you still have an opportunity with Sponge V2 before it lists on additional top-tier exchanges.
You still have a chance with #SpongeV2… don't miss out again 💦$SPONGE #MemeCoin #Bullish pic.twitter.com/HuKpH3JTFI
— $SPONGE (@spongeoneth) March 19, 2024
Sponge V2 is an upgraded version of its predecessor, bringing in bigger rewards for users and a more robust ecosystem.
Don't get left behind!!!💪🔥🧽$SPONGE #SpongeV2 #100xGem pic.twitter.com/bvRh75Jqhi
— $SPONGE (@spongeoneth) March 12, 2024
Last month, following its discontinuation, Sponge V1’s holders migrated to the more secure V2 on the Polygon network. The project utilizes the advantages of the network to offer lower transaction fees and faster transactions to its users.
Stake $SPONGE V2, 404% Annual Rewards
The Sponge sequel allows you to stake $SPONGE V2 on the Polygon network, earning an impressive 404% annual percentage yield (APY). Users on the platform have already staked over 9.3 billion $SPONGE V2 tokens.
Additionally, holders earn through the platform’s play-to-earn (P2E) Sponge Racer game, which holds racing competitions with token rewards.
With more listings on major exchanges in the works, now is a great time to invest.
To join the presale, visit the official Sponge V2 website and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.
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