The post BOME Price Shows Breakout Rally Ready To Hit $0.30 appeared first on Coinpedia Fintech News
The Book of Meme market price is gaining momentum with a new breeze of relief in the meme coin sector. With this recovery phase, the BOME price takes a bounce back from a crucial Fibonacci retracement, teasing a strong bull run.
Crossing under the halfway retracement level or the 50% mark, the buyers are finally making a comeback. So, will the BOME price find its way back to above the $0.20 mark?
With the falling channel trend in BOME price forming a consolidation range, the cool-off in supply pressure leads to a bullish comeback. As the buyers break above the consolidation range, the meme coin is heading higher with a new breakout run.
Further, with a surge in buying pressure and the unleashed trend momentum, the breakout rally challenges the 38.20% Fib level. The uptrend also reclaims the psychological mark of $0.015 and teases a new higher low trend formation.
On the volume action front, the sudden surge in trading volume supports the ongoing rally. Thus, the market participants are anticipating and bolstering the bull run in Book of Meme market price.
Currently, the BOME price trades at $0.0159 with an intraday growth of 15.86% reflecting a trend continuation after the 12% jump last night. Further, the uptrend continues to form multiple consecutive bullish candles in the daily chart.
Will BOME Price Reclaim $0.020?
As the buyers drive a new bullish trend in the Book of Meme market price, the meme coin is heading higher for new peaks. With the BOME price reclaiming the $0.015 level and the range breakout, the sentiments are improving again for the newly launched meme coin.
Hence, with the breakout rally in motion, the meme coin could easily hit the $0.020 mark. Optimistically, the Book of Meme could hit the $0.026 mark next week if the trend momentum sustains.